Earlbond 110 Limited (07239948): administration
- Status
- Administration ended
- Administration began
- 2020-12-03
- Administrators
- Julie Anne Palmer, Andrew Hook
- Administrators' firm
- Begbies Traynor
- Incorporated
- 2010-04-30
- Location
- Salisbury
- Industry
- 56102 Unlicenced restaurants and cafes
Why it went into administration
- Creditor pressure / legal action
- COVID-19
- Funding withdrawn / unable to refinance
- Property / lease costs
From the administrators' statement
The following background information is provided to assist creditors who may have limited knowledge of the Company and its affairs to better understand the reasons for the pre-packaged sale.
The Company was incorporated on 30 April 2010 for the purposes of trading as a coffee shop and Amir Murtza was appointed as sole Director and shareholder. The Director had previously identified a gap in the local market for coffee shops to be situated within the train stations themselves. Premises were initially obtained at Central Milton Keynes Train Station and the Company opened three units across various platforms.
The first year of trade produced promising results and the decision was made to obtain additional premises across a number of stations within the Home Counties and London area. By 2018, the Company was trading from a total of nine train stations with an additional office premise in Milton Keynes being used as its head office.
Administrators' statement of proposals (2021-02-05) · Companies House register