Parity Bars (Cheltenham) Limited (08802456): administration
- Status
- Administration ended
- Administration began
- 2015-10-14
- Administrators
- Joanne Wright, Kelly Burton
- Administrators' firm
- Wilson Field
- Formerly
- Varsity Bars (Cheltenham) Limited
- Incorporated
- 2013-12-04
- Location
- Sheffield
- Industry
- 56302 Public houses and bars
Why it went into administration
- Funding withdrawn / unable to refinance
From the administrators' statement
The information provided in this section is based upon the Company's limited records and information available to the Joint Administrators — the accuracy of which the Joint Administrators are unable to vouch for The Joint Administrators cannot therefore be held personally liable for errors or misstatement of fact contained therein
The Company ts part of a group of companies (“the Group”) and was incorporated on 4 December 2013 Creditors should note that from incorporation until 29 January 2014, the Company was named Varsity Bars (Cheltenham) Limited The principal activity of the other companies comprising the Group was the operation of public houses at various locations throughout the United Kingdom The Company was Intended to be the trading vehicle for a public house which traded as The Old Restoration from leasehold premises at 55-57 High Street, Cheltenham, GL50 1DX (“the Premises”) However, when the Group structure was being set up, the lease to the Premises, together with another of the Group’s sites in Chepstow, was granted to an associated company UK Proco Limited who retained the leasehold interest in the Premises upon the Joint Administrators’ appointment As a result, we understand that the Company did not undertake any significant trading activities
By way of background, the Group trading companies within the Group granted Enjoy Pubs Limited (“Enjoy”):a licencé to operate and manage the day to day operations of the public houses trading from * thetr premises
Administrators' statement of proposals (2015-12-18) · Companies House register