# Cholco Limited (07780733)

> Why UK company 07780733 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/07780733

- **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- Funding withdrawn / unable to refinance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.

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/07780733/filing-history/MzM3MzEwNTAxNmFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/07780733

Contains public sector information from Companies House, licensed under the Open Government Licence v3.0.