S G Walker Limited (07143335): administration
- Status
- Administration ended
- Administration began
- 2013-09-02
- Administrators
- Michael Simister, Neil Henry
- Administrators' firm
- Begbies Traynor
- Incorporated
- 2010-02-02
- Location
- Altrincham
- Industry
- 56290 Other food services
Why it went into administration
- Property / lease costs
- Weak consumer demand
- Rising costs / inflation
From the administrators' statement
S G Walker Limited [‘the Company’] was incorporated on 2" February 2010 and began to trade in December 2010. Its principal trading activity was that of an Ice Cream Parlour The registered office for the company was 11 Scholes Field Close, Scholes, Rotherham, South Yorkshire, 861 2XX and the trading address was Meadowhall Centre, 92 High Street, Sheffield, South Yorkshire, $9 1EN. The company has one Director and Shareholder, Mrs Stephame Walker
The director first saw the concept for the ice cream parlour whilst 1n Canada 1n 2009 The franchise was called Marble Slab Creamery and the head office was in Atlanta The director was given the contact details for the person who had the nghts to the UK franchise The director visited him at his store in Dundee and looked at his books. They seemed reasonable so the decision was made to start the new business and the £25,000 franchise fee was paid The director contacted the Meadowhall Centre and they recommended a location 1n the upper mall for the shop
The shop design and equipment cost around £90,000, this was financed with £60,000 bank Joan from Barclays Bank ple which was secured against a property owned by the director and £30,000 from personal monies
Administrators' statement of proposals (2013-10-28) · Companies House register