The Bear Inn and Hotel Limited (06510575): administration
- Status
- Administration ended
- Administration began
- 2011-06-28
- Administrators
- Ian James Gould, Edward Terence Kerr
- Administrators' firm
- PKF
- Incorporated
- 2008-02-20
- Location
- Birmingham
- Industry
- 5510
Why it went into administration
- Sustained trading losses
- Weather / natural events
From the administrators' statement
The Company was incorporated on 20 February 2008 The Company’s statutory information is attached at Appendix A
The principa! activity of the Company was that of the operation of a public house with guest rooms at its trading address of Alderwasley, Belper, Derbyshire DE56 2RD We understand that the Company’s shareholders (who were also the Company's directors) acquired the Company’s business and assets In Aprit 2008
Having made a loss in tts first (accounting) year to 31 March 2009, the Company’s finances improved in the year to 31 March 2010, when the Company declared a net profit of £21,235 in its statutory accounts for that year The Company's management accounts for the year ending 31 March 2011 show that the Company’s turnover during the period November 2010 to February 2011 was significantly reduced from previous levels We understand that this was as a result of the poor winter weather conditions, including a period when the business was effectively closed for a number of weeks due to snow drifts The reduced turnover ultimately led to losses in those months and an estimated overall loss for the year ended 31 March 2011 of some £34,000
Administrators' statement of proposals (2011-08-24) · Companies House register