# Ricci's 53 Degrees North Limited (08746001)

> Why UK company 08746001 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/08746001

- **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.

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/08746001/filing-history/MzIwMDM0ODk3NmFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/08746001

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