Friends of HAM Old Co Limited (07930800): administration
- Status
- Administration ended
- Administration began
- 2018-08-07
- Administrators
- Michelle Louise Chatterton, Charles Michael Brook
- Administrators' firm
- Liverwire Partners
- Formerly
- Friends of HAM Limited
- Incorporated
- 2012-02-01
- Location
- Huddersfield
- Industry
- 56101 Licenced restaurants
Why it went into administration
- Weather / natural events
- Sustained trading losses
From the administrators' statement
The Directors of the Company initially made contact with Charles Brook of Poppleton & Appleby on the introduction of the Company's accountants, WGN of Leeds. There were a number of meetings on and between the end of February 2018 and 10 May 2018 at which the Company's finances were discussed and only on 10 May 2018 was it possible to agree with the Directors the most appropriate means at that time by which to address the Company’s trading difficulties.
Charles Brook provided the directors with an overview of the options available to the Company which included Compulsory Liquidation, Creditors’ Voluntary Liquidation, a Companies Voluntary Arrangement and Administration. The Directors had expressed a desire to continue the Company's’ business and took the decision that they wished to propose a voluntary arrangement with its creditors. A formal signed engagement letter was received form the Directors on 14 May 2018.
Poppleton & Appleby assisted the Directors in preparing the Proposal and on 28 June 2018 were instructed to acts as Nominees in retation to the company voluntary arrangement following which on 2 July 2018 notice of the proposals were circularised to creditors together with a notice of a virtual meeting of creditors to be held on 25 July 2018.
Administrators' statement of proposals (2018-09-18) · Companies House register