Pier One Night Spot Limited (06827808): administration
- Status
- Administration ended
- Administration began
- 2015-02-09
- Incorporated
- 2009-02-24
- Location
- London
- Industry
- 82990 Other business support service activities n.e.c.
Why it went into administration
- HMRC / tax arrears
- Funding withdrawn / unable to refinance
- Regulatory change or action
From the administrators' statement
The Company was incorporated on 24 February 2009 and commenced trading on | May 2009, operating throughout its history as a night club
On 28 June 2010, the opportunity to purchase an existing mght club business arose and the Company took advantage of this opportuntty The business, comprising goodwill and leasehold together with fixtures and equipment, was all subsequently purchased for the sum of £400,000, from Volts Promotions Ltd (“Volts”) It was agreed that payment for the business and assets was to be paid by way of monthly instalments, of £20,000 each, over a set period of time from internally generated funds, as the Company did not have existing funds with which to settle the whole of the purchase price in one go
The business which had been purchased included a Premises Licence which enabled operation until 5am and it was considered crucial that the hours of operation stated on the Premises Licence were not interfered with in any way
Administrators' statement of proposals (2015-02-27) · Companies House register