Popolo Leisure (Washington) Limited (08042195): administration
- Status
- Administration ended
- Administration began
- 2013-11-07
- Administrators' firm
- Begbies Traynor
- Incorporated
- 2012-04-23
- Location
- Newcastle upon Tyne
- Industry
- 56101 Licenced restaurants
Why it went into administration
- Creditor pressure / legal action
From the administrators' statement
On 29 August 2013, one of my Partners at Begbies Traynor (Central) LLP received a call from the Bank requesting a meeting to discuss a case The meeting was held at the Bank’s branch in Sunderland and | attended the meeting with my Partner At the meeting we were informed that the case in question was Popolo Leisure (Washington) Limited
| informed the Bank that, the two Dyectors of the Company, Messrs Richardson and Delaney, had been to see me and my Partner the previous afternoon They had explained that there had been a fall out between the shareholders, as a result of which a winding up petition had been served by Noble Soulsby Holdings Limited and Stuart David Young on that Company At that meeting, the Directors were informed that | was advising the Company and not them personally, as they already had separate advisers
My advice was that they should seek to get the other shareholders round a table and try and reach a compromise {t transpired that not only was there a winding-up petition against this Company but also against Leisure, which ts an associated company by virtue of common directors and shareholders
Administrators' statement of proposals (2014-01-03) · Companies House register