Katie Fitzgeralds Limited (06423507): administration
- Status
- Administration ended
- Administration began
- 2013-10-15
- Administrators
- Simon David Chandler, Philip Michael Lyon
- Administrators' firm
- Mazars
- Incorporated
- 2007-11-09
- Location
- Nottingham
- Industry
- 56302 Public houses and bars
From the administrators' statement
The premises ceased to trade in August 2013 following a breakdown in negotiations to sell the property to Sadler’s Ales (“Sadlers”) The director had previously agreed a deal with Sadiers that consisted of a 3 year lease agreement whereby Sadlers would trade from the property, followed by a sale at £300k or at the then market value
The lease was sent to Carlsberg UK Limited (“Carlsberg”) for review as legal charge holders over the property in Worcester Street, Stourbridge Following advice from its legal representation, Carlsberg decided against signing the final draft lease as tt would severely impact the value of their security
In October 2013, the lease to Sadlers was resurrected in the hope that a way forward could be found that was to the satisfaction of all parties involved A deadline of the week commencing 14 October 2013 was set for the amended lease to be with all parties
Administrators' statement of proposals (2013-12-09) · Companies House register