The Horse and Groom (Berkshire) Ltd (06826454): administration
- Status
- Administration ended
- Administration began
- 2014-12-18
- Administrators
- James E Patchett, Martin Charles Armstrong
- Administrators' firm
- BDO
- Incorporated
- 2009-02-23
- Location
- Sutton
- Industry
- 56302 Public houses and bars
Why it went into administration
- Funding withdrawn / unable to refinance
- Creditor pressure / legal action
- Property / lease costs
From the administrators' statement
The company had been formed on 23rd February 2009 and had started trading shortly thereafter The company’s business was that of a Public House Louise Meddings was the sole director and Nigel Black was Company Secretary The company had issued and fully paid one hundred £1 ordinary shares which were held by Louise Meddings
The company traded from leasehold premises at 4 Castle Hilt, Windsor, SL4 1PD, as “The Horse & Groom” public house The premises was occupied subject to a lease from Enterprise Inns which was understood to run until 2024 The rent was £5,300 per month
The Public House was situated directly outside the Windsor Castle gates and so was a tourist attraction The Public House was open seven days a week and offered a simple food menu The Public House was relatively small and only offered circa 35 seats, however, turnover was circa £14,000 per week The company operated on a 60% gross margin for “wet sales” and circa 70% gross margin for food
Administrators' statement of proposals (2015-02-20) · Companies House register