# Balans Restaurants Limited (08410036)

> Why UK company 08410036 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/08410036

- **Status:** Administration ended
- **Administration began:** 2020-07-24
- **Administrators:** Robert Cundy, Bijal Shah
- **Administrators' firm:** Edge Recovery
- **Formerly:** Balans (Newco) Limited
- **Incorporated:** 2013-02-19
- **Location:** Bromley
- **Industry:** 56101 Licenced restaurants

## Why it went into administration

- Property / lease costs
- COVID-19
- Regulatory change or action
- HMRC / tax arrears
- Over-expansion / investment not recovered
- Brexit
- Competition / price pressure

## From the administrators' statement

.Creditors should note that, unless otherwise stated, this section of my proposals has been prepared based on information provided to me by the directors of the Company and not from my personal _ knowledge as Administrator. ;

The Company was incorporated in February 2013. It operated seven restaurants in and around London. All restaurants operated under leases for the properties and all sites had been closed down temporarily, with all staff, except one, being furloughed in accordance with government guidelines. It is understood 7 ‘ that the’ business was not making profits prior to closing.

In late 2013, backed by 4 investors, David Taylor formed Balans Réstaurants Ltd and acquired the UK

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/08410036/filing-history/MzI3NTU0MDIyM2FkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/08410036

Contains public sector information from Companies House, licensed under the Open Government Licence v3.0.