Lounge (Driffield) & Hooters Ltd (07609902): administration
- Status
- Administration ended
- Administration began
- 2012-12-21
- Administrators
- Julian Pitts, Kirstie Jane Provan
- Administrators' firm
- Begbies Traynor
- Formerly
- Leisure Yorkshire Ltd
- Incorporated
- 2011-04-19
- Location
- Leeds
- Industry
- 56302 Public houses and bars
From the administrators' statement
The Company was incorporated in April 2011 as part of a wider property portfolo amassed over a number of years in the leisure industry by the director, Philip Barker The portfolio, of which the
Company formed a small part, was funded principally through significant lending from Santander UK plc (“the Bank”)
Recently, the portfolio as a whole began to experience financial difficulttes as a consequence of the economic downturn affecting the leisure industry In addition, the alleged behaviour of a number of third parties during dealings with the director also directly contributed to the deteriorating financial plight of the Company It 1s alleged that certain transactions were entered into, that have resulted in claims against other parts of the portfolio, or the director personally These allegations are being investigated by the appropniate authonties, but although they impacted on the Company by the wider funding issues of the portfolio, it is understood that this Company was not directly affected by the alleged actions
Administrators' statement of proposals (2013-02-26) · Companies House register