Ricci's 53 Degrees North Limited (08746001): administration
- Status
- Administration ended
- Administration began
- 2018-02-09
- Administrators
- Mark Nicholas Ranson, Michael Christian Kienlen
- Administrators' firm
- Opus Restructuring
- Incorporated
- 2013-10-24
- Location
- Leeds
- Industry
- 56101 Licenced restaurants
Why it went into administration
- Weather / natural events
- Property / lease costs
- Weak consumer demand
- Rising costs / inflation
- Cash flow / liquidity pressure
- Creditor pressure / legal action
- Competition / price pressure
From the administrators' statement
The Director, Michael Ricci has a wealth of experience in the food and drink industry having worked in restaurants since the age of 15. His first restaurant, Ricci’s Place (Halifax) was opened in October 2010 with a high level of success.
In 2012, the Director was approached by the management of the premises at Dean Clough, Halifax with a view to setting up another restaurant and a bar in their newly renovated mill development.
The Company was incorporated on 24 October 2013 encompassing a bar, Riccl’s 53 Degrees North (E. Mill, Dean Clough, Halifax, HX3 SAX) and commenced trading shortly thereafter. A restaurant, Ricci’s Tapas & Cicchetti was also opened at Dean Clough, Halifax in September 2012.
Administrators' statement of proposals (2018-03-19) · Companies House register