Bloom Leisure Limited (07979624): administration
- Status
- Administration ended
- Administration began
- 2013-05-16
- Administrators
- Kevin Gerald Murphy, Andrew Poxon
- Administrators' firm
- Leonard Curtis
- Incorporated
- 2012-03-07
- Location
- Manchester
- Industry
- 56101 Licenced restaurants
Why it went into administration
- Cash flow / liquidity pressure
- Creditor pressure / legal action
- Sustained trading losses
From the administrators' statement
The Company was incorporated in March 2012 however only began trading in July 2012 The director and shareholder since incorporation has been Mr Chnstopher Tunnicliffe
The main activity of the Company is that of a licensed bar and restaurant The Company operated from leasehold premises at 104 Stamford New Road, Altnncham, Cheshire WA14 1DN The Company traded as Bloom Live
Prior to the commencement of trade, an associated company provided substantial funding in order to refurbish the trading premises The Company has not been sufficiently capitalised from the commencement of trading and the refurbishment costs were in excess of Initial estimates and has fesulted in significant over-spend by the connected party As a result, the over spend on the refurbishment was financed prmaniy through the connected party, but also from the Company’s working capital which in tum put the Company under significant cash flow pressure
Administrators' statement of proposals (2013-07-12) · Companies House register