Cholco Limited (07780733): administration
- Status
- Administration ended
- Administration began
- 2023-03-02
- Administrators
- Christopher Robert Pole, Timothy Bateson
- Administrators' firm
- Interpath Advisory
- Incorporated
- 2011-09-20
- Location
- London
- Industry
- 56290 Other food services
Why it went into administration
- Weak consumer demand
- Rising costs / inflation
- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure
- Creditor pressure / legal action
- COVID-19
- Supply chain disruption
From the administrators' statement
The Company was incorporated on 20 September 2011 and Is a wholly owned subsidiary of the Parent Company. The Company holds the leases for the Group’s head office and the kitchen, both located in Stevenage, and acts as a cost centre for the rest of the Group.
There were 21 employees of the Company, all of whom transferred to the Purchaser under TUPE on 2 March 2023, following the sale of the Company's trade and assets.
The Purchaser is a connected party which is 50% owned by John Coverley and 50% owned by Paul Stagg.
Administrators' statement of proposals (2023-03-25) · Companies House register