SK Bars Limited (07617199): administration
- Status
- Administration ended
- Administration began
- 2018-01-16
- Administrators' firm
- Mazars
- Incorporated
- 2011-04-28
- Location
- Oldham
- Industry
- 56101 Licenced restaurants
Why it went into administration
- Cash flow / liquidity pressure
- HMRC / tax arrears
- Property / lease costs
From the administrators' statement
The Company was incorporated on 28 April 2011 and trades as SK Bars Limited t/a Soup Kitchen. It is an award-winning canteen, bar and music venue located in Manchester’s Northern Quarter District offering food and drinks across two floors, hosting live music events, club nights, comedy events and art exhibitions. The directors of the Company are Christopher Bailkoski, Nicholas Bowden and Sam Lewis-McAlpine. The directors run the business jointly and have experience working within the catering and entertainment business.
Established in 2010 taking over an existing café, the business soon expanded into the basement, enabling the Company to grow both financially and stature to become a recognisable brand regionally and internationally. In seven years, the business has grown from £163,389 to £1,030,829 annual turnover, with an average 130,000 user and visitors per year.
At the end of 2013, the business acquired unforeseen debts with British Gas and Manchester City Council (“the Council”) for Business Rates value amounting to £28,237.09 and £81,527.22 respectively. Both debts were based off new evaluations at the then current date of the business usage and value but both were backdated to 2010.
Administrators' statement of proposals (2018-01-30) · Companies House register