Cafe Maestro Limited (08134421): administration
- Status
- Administration ended
- Administration began
- 2014-05-14
- Administrators
- Ian William Kings, Steven Phillip Ross
- Administrators' firm
- Audit LP Baker Tilly Corporate Finance
- Formerly
- Minhoco 19 Limited
- Incorporated
- 2012-07-09
- Location
- Newcastle upon Tyne
- Industry
- 56102 Unlicenced restaurants and cafes
Why it went into administration
- Property / lease costs
From the administrators' statement
The Company was incorporated on 9 July 2012 and commenced trading as a coffee shop in Darlington on 5 March 2013
As result of the current economic climate the business was unable to generate sufficient sales revenue to service its overheads, in particular rent and rates Despite the Directors best efforts she was unable to trade through its current difficulties Following discussions with the Landlord he agreed that he would only accept a surrender of the lease for the Company's premises from an Administrator
Following professional advice and considering the Landlords request for a surrender the director concluded she had no alternative but to place the Company into Administration
Administrators' statement of proposals (2014-07-18) · Companies House register