ARG Maxela UK Ltd (07863841): administration
- Status
- Administration ended
- Administration began
- 2024-07-26
- Incorporated
- 2011-11-29
- Location
- Slough
- Industry
- 56101 Licenced restaurants
Why it went into administration
- COVID-19
- Rising costs / inflation
- Cash flow / liquidity pressure
- Property / lease costs
- Rising interest rates
From the administrators' statement
The director advised that the Company had become insolvent due to a combination of the following factors:
• Debt taken on as a result of the Covid-19 pandemic.
• Recent economic factors such as rising costs of energy, wages and interest rates.
Administrators' statement of proposals (2024-09-18) · Companies House register