Burningnight Limited (07320095): administration
- Status
- Administration ended
- Administration began
- 2018-09-28
- Administrators
- Julian Pitts, Andrew Graham Mackenzie
- Administrators' firm
- Begbies Traynor
- Incorporated
- 2010-07-20
- Location
- London
- Industry
- 68209 Other letting and operating of own or leased real estate
Why it went into administration
- Weak consumer demand
- Cash flow / liquidity pressure
- Sustained trading losses
From the administrators' statement
General history and background of the Company
The Company was incorporated on 20 July 2010 with a plan to devise an innovative style of bars and pubs in key areas across the UK. Between October 2010 and March 2017, the Company opened a range of Bierkellers across the UK, in Leeds, Liverpool, Manchester, Cardiff, Birmingham and Nottingham, incorporating subsidiary companies within the group structure to enter into the premises leases with the Company acting as guarantor.
In April 2014 the group incorporated a further company B & W Logistics Limited (“B & W") which commenced trading within the group. Trading was very successful initially with footfall being greater than anticipated. However, in December 2017, it was found that the bars were underperforming and in order to tum this position around, the directors concluded that a restructure of the group would be the best course of action. Therefore, B & W were given sole control of the trading outlets in order for them to be operated autonomously and the losses be tumed around.
Administrators' statement of proposals (2018-12-08) · Companies House register