Dirtybird Restaurants Limited (08631238): administration
- Status
- Administration ended
- Administration began
- 2019-08-12
- Administrators' firm
- BM Advisory
- Incorporated
- 2013-07-30
- Location
- London
- Industry
- 56101 Licenced restaurants
Why it went into administration
- Funding withdrawn / unable to refinance
- HMRC / tax arrears
- Cash flow / liquidity pressure
- Creditor pressure / legal action
From the administrators' statement
The Company was incorporated on 30 July 2013 and the current directors are Paul Hemings and Cara Ceppetelli. Paul Hemings has previously worked as both an investment banker and fund manager whilst Cara Ceppetelli has worked at Restaurant Gordon Ramsay and La Fromagerie Restaurant as well as in various hospitality roles.
The Company has a share capital of 82,985 shares each with a nominal value of 0.01p compromising 23,579 ‘A’ shares, 25,000 ‘B’ shares and 34,406 ‘C’ shares.
The Company was incorporated to trade as a restaurant operator and in January 2014 a fundraising prospectus was circulated to raise £700,000 to open a restaurant based on providing high-end free-range fried chicken outlets titled “Bird”. The aim was to open an initial restaurant and thereafter to raise further funds to rollout the “Bird” concept over a five year period. The business was initially funded with £1.51m of equity, which came from individual high net worth investors. The fundraising was completed in January 2014.
Administrators' statement of proposals (2019-09-07) · Companies House register