# Beales Gourmet Limited (06542324)

> Why UK company 06542324 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/06542324

- **Status:** Administration ended
- **Administration began:** 2020-03-30
- **Administrators' firm:** Quantuma
- **Incorporated:** 2008-03-25
- **Location:** Ringwood
- **Industry:** 56210 Event catering activities

## Why it went into administration

- COVID-19
- Property / lease costs
- Sustained trading losses

## From the administrators' statement

3.4 In October 2019, the Directors decided to reduce the size of the business by ending the external catering and concentrating on the events at the Italian Villa and they gave notice to all of the external venues of this.

3.2 The lease to the Italian Villa itself was due to end on 30 September 2020. However, in a preliminary discussion with the landlord about the possibility of extending the lease, that jandiord indicated that it was seeking an increase in rent to £14,000 per month (for the Italian Villa and offices), as well as wanting the Company to take on responsibility for all of the internal and external maintenance of the Italian Villa and contributing to the maintaining of all the communal areas on the site, such as the courtyard and carpark. The Directors indicated that, at that point, the Company was only responsible for the internal maintenance of the Italian Villa.

3.3. The Directors undertook a financial forecasting exercise with its accountants based purely on the model of operating the Italian Villa only (without the external catering). This indicated that the Company would only be able to operate profitably if the rent was restricted to £5,000 per month and even at that level the profits would be insufficient for it to be able pay for the externa! maintenance or to contribute to the maintenance of the communal areas. Given the significant difference in the

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/06542324/filing-history/MzI2NjI0OTcyN2FkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/06542324

Contains public sector information from Companies House, licensed under the Open Government Licence v3.0.