# PBR Leisure Limited (07069167)

> Why UK company 07069167 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/07069167

- **Status:** Administration ended
- **Administration began:** 2013-11-13
- **Administrators' firm:** Zolfo Cooper Corporate Finance
- **Incorporated:** 2009-11-06
- **Location:** Manchester
- **Industry:** 56101 Licenced restaurants

## Why it went into administration

- Creditor pressure / legal action
- Funding withdrawn / unable to refinance
- Sustained trading losses

## From the administrators' statement

The Company was incorporated on 6 November 2009 operating bars, restaurants, nightclubs and a hotel throughout the UK, The sites were split into two business units; The Living Rooms (TLR} and Ultimate Leisure (UL)

Zolfo Cooper Corporate Finance Limited (ZCCF) was introduced to the Company by The Royal Bank of Scotland plc (RBS) 1n late 2012. This was due to a decision by the Company’s director and its shareholders to wind down the Company and realise its assets in an orderly fashion to repay the amounts due to its lenders following the prolonged underperformance of the Company's estate

Work commenced at the request of the Company's semor lenders, RBS, West Register Investments Limited, AIB Group (UK) plc and AIB Joint Ventures Limited (together the Banks). RBS acts as secunty trustee for the Banks.

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/07069167/filing-history/MzA5MTU1MTA0MWFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/07069167

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