# MDCT Realisations Limited (07264480)

> Why UK company 07264480 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/07264480

- **Status:** Administration ended
- **Administration began:** 2020-07-17
- **Administrators:** William James Wright
- **Administrators' firm:** KPMG
- **Formerly:** CDM Trading Limited; Tenfour Ventures Limited
- **Incorporated:** 2010-05-25
- **Location:** London
- **Industry:** 56101 Licenced restaurants

## Why it went into administration

- COVID-19
- Property / lease costs
- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure
- Sustained trading losses
- Weak consumer demand
- Rising costs / inflation
- Over-expansion / investment not recovered

## From the administrators' statement

The Company was incorporated on 25 May 2010 and operated as an Italian food-to-go chain with six outlets in central London. The business was acquired by the Group in July 2015 and immediately began to acquire further sites, expanding its presence. ©

At the date of appointment, the business operated 30 sites in the UK, employed 317 staff, and was headquartered | in London. ;

Please refer to the SIP 16 disclosure at Appendix 7 for more ‘information on the background of the Company. ue

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/07264480/filing-history/MzI3NTIzMjA1OWFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/07264480

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