Blumyz (Leicester Square) Limited (08311327): administration
- Status
- Administration ended
- Administration began
- 2018-02-06
- Administrators
- Yiannis Koumettou, Ninos Koumettou
- Administrators' firm
- Begbies Traynor
- Formerly
- Respite Soho Limited
- Incorporated
- 2012-11-28
- Location
- London
- Industry
- 82990 Other business support service activities n.e.c.
Why it went into administration
- HMRC / tax arrears
- Creditor pressure / legal action
- Bad debts / customer insolvency
From the administrators' statement
The Company was incorporated on 28 November 2012 and throughout its history traded, amongst other things, as a restaurant providing various styles of cuisine. As at 2 July 2014, being the date the current directors, Mr Elliott Blum and Mr Mark Cutler, took over the Company it was already a hotel and restaurant, comprising 15 rooms and a bar.
It was the directors’ intentions to open a “high-end” French / Vietnamese restaurant and approximately £600k was spent on converting the property, with the main expenditure being incurred in moving the bar from the first floor to the ground floor and converting the old bar space on the first floor into two suites.
In addition, a late bar ticense was obtained, which meant that the bar was able to stay open until 3am and which, it was believed, would also generate additional revenue.
Administrators' statement of proposals (2018-04-09) · Companies House register