Grillstock Limited (08113359): administration
- Status
- Administration ended
- Administration began
- 2017-11-17
- Administrators
- Paul Ellison, Gareth Wyn Roberts
- Administrators' firm
- KRE Corporate Recovery
- Incorporated
- 2012-06-20
- Location
- Reading
- Industry
- 47290 Other retail sale of food in specialised stores
Why it went into administration
- HMRC / tax arrears
- Creditor pressure / legal action
- Weather / natural events
From the administrators' statement
3.1 We were contacted by the Company’s directors on Wednesday 18 October 2017 as a direct consequence of H M Revenue & Customs (‘HMRC’) advertising a Winding up Petition (due to be heard on 20 November 2017) which they issued against the Company in the London Gazette.
We met with the directors and considered the various options that were available for the company e.g., a time to pay arrangement with HMRC, further investment, a Company Voluntary Arrangement. However, given the size of the company’s liabilities and the lack of any immediate funding being available, the board of directors decided that Administration was inevitable. We therefore asked the directors to prepare a short term (4 to 6 week) profit and cash flow forecast to determine if trading during Administration was feasible whilst the business and assets were offered for sale.
3.2
Administrators' statement of proposals (2018-01-18) · Companies House register