Seafood PUB Company Ltd (07327254): administration
- Status
- Administration ended
- Administration began
- 2020-06-19
- Administrators
- Kerry Bailey, Ryan Kevin Grant
- Administrators' firm
- BDO
- Incorporated
- 2010-07-27
- Location
- Liverpool
- Industry
- 56101 Licenced restaurants
Why it went into administration
- COVID-19
- Sustained trading losses
From the administrators' statement
The Company was incorporated on 12 September 2012 and is a wholly owned subsidiary of Seafood Pub Company Group Limited.
The business was initially founded by the director, Joycelyn Neve, and.was part of the wider Seafood Pub Company Holdings Group (‘the Group’) operating country inns.and dining pubs across Lancashire and Yorkshire, with accommodation available at certain venues. The Group traded from 8 long leaseholds, 1 freehold and 3 commercial leasehold premises.
Historic trading performance had been below expectations with the Group reporting trading losses for each of the three years to December 2019 and the Company, representing the minority of the trade within the two trading entities within the Group, struggled in the declining economic market. The continuing and incurred losses gradually eroded the .Company’s cash position.
Administrators' statement of proposals (2020-09-02) · Companies House register