Smith Retail Limited (07968643): administration
- Status
- Administration ended
- Administration began
- 2015-03-02
- Administrators
- Simon Robert Thomas, Nicholas H O'Reilly
- Administrators' firm
- Moorfields
- Incorporated
- 2012-02-28
- Location
- London
- Industry
- 56102 Unlicenced restaurants and cafes
Why it went into administration
- Funding withdrawn / unable to refinance
From the administrators' statement
The Company was incorporated on 28 February 2012 and was initially formed to trade tetail coffee shop franchises issued under a Master Franchise Agreement (“MFA”), owned by a third party company, under licence from a major global coffee brand owner, Lavazza, following their entry into the UK retail coffee market in 2011 The Company was one of 20 other sub franchisees operating in the UK and Ireland under the MFA
In 2013 the Company acquired the MFA from the previous master franchisor as part of a wider transaction with Lavazza, following which, the Company acquired the lease to a property located in Holborn, London, from where it would later trade (“Holborn”) The
1.3
Administrators' statement of proposals (2015-05-20) · Companies House register