CPL Foods Limited (07024111): administration
- Status
- Administration ended
- Administration began
- 2017-04-07
- Administrators
- Mark Nicholas Cropper, Catherine Williamson
- Administrators' firm
- AlixPartners
- Incorporated
- 2009-09-20
- Location
- Manchester
- Industry
- 56101 Licenced restaurants
Why it went into administration
- Creditor pressure / legal action
- HMRC / tax arrears
- Property / lease costs
- Over-expansion / investment not recovered
From the administrators' statement
3.1 CPL was incorporated on 20 September 2009 as a Burger King restaurant franchise operator. Millcliffe was incorporated on 13 January 2012 initially as a vehicle to undertake future growth and expansion as the Companies sought to increase their geographical spread of take-away restaurant offerings. The Companies share common directors and a common shareholder, as detailed at Appendix A.
3.2 The franchised outlets pay a royalty to Burger King for the use of the name and intellectual property under the terms of their franchise agreements. Contributions are also payable for the national advertising campaigns Burger King undertakes. In addition to the Burger King franchised outlets, both Companies also operate several ‘own brand’ fast food outlets. The own brands include El Taco Loco,
Real Café, Pizza Neo and Roosters. All outlets share a head office and administrative function, based in Ipswich.
Administrators' statement of proposals (2017-06-12) · Companies House register