Dhoke 1 Ltd (08942835): administration
- Status
- Administration ended
- Administration began
- 2023-06-30
- Administrators
- Yiannis Koumettou, Constantinos Pedhiou
- Administrators' firm
- Begbies Traynor
- Incorporated
- 2014-03-17
- Location
- Northampton
- Industry
- 56103 Take-away food shops and mobile food stands
Why it went into administration
- COVID-19
- Sustained trading losses
- Competition / price pressure
- Weak consumer demand
- Energy costs
- Loss of a key customer, supplier or contract
From the administrators' statement
The Company was incorporated on 17 March 2014 to trade the business of newly acquired Pizza Hut franchises entered into with Yum! III (UK) Limited (“Yum”), which provided delivery and takeaway pizza to local customers. The Company’s registered office and location of one trading premises is 1085 Warwick Road, Acocks Green, Birmingham, B27 6QT. The Company also traded from 3 other sites located in Birmingham, Blackheath and Stourbridge. The Company employed 61 members of staff at the time that it stopped trading.
The business was initially financed by funds injected by the director and loan facilities provided by HSBC Bank plc, both of who provided further borrowing over the years.
The director had previously been an employee of a Pizza Hut store since 2009, working his way up through the ranks to becoming responsible for fourteen stores.
Administrators' statement of proposals (2023-07-17) · Companies House register