7Bone Holdings Ltd (08448444): administration
- Status
- Administration ended
- Administration began
- 2022-11-03
- Administrators
- William James Wright
- Administrators' firm
- Interpath Advisory
- Incorporated
- 2013-03-18
- Location
- London
- Industry
- 56101 Licenced restaurants
Why it went into administration
- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure
- COVID-19
- Creditor pressure / legal action
From the administrators' statement
The Company was incorporated in 2013 with its first site opening in Southampton. Kings Park Capital LLP invested in the business in 2016. As part of an expansion plan, the Group opened several new sites in recent years, growing from four sites in 2016 to thirteen sites in 2022. The Company was the counterparty to leases of fourteen sites, including part of the Southampton site.
The Company’s head office is located in Southampton and the Company employed 183 staff at the date of our appointment. All employees were transferred over to the Purchaser
with one employee being made redundant the day before our appointment by the Director.
Administrators' statement of proposals (2022-11-22) · Companies House register