Alpin PMK Limited (09119677): administration
- Status
- Administration ended
- Administration began
- 2024-06-07
- Administrators' firm
- BDO
- Formerly
- Alpin P M K Limited; L'Osteria (UK) Limited
- Incorporated
- 2014-07-07
- Location
- London
- Industry
- 96090 Other service activities n.e.c.
Why it went into administration
- COVID-19
- Property / lease costs
- Management failings / irregularities
- Creditor pressure / legal action
- Bad debts / customer insolvency
From the administrators' statement
The Company was incorporated on 7 July 2014 with a share capital of £1 by Prashant Naik (PK) as the sole director and shareholder. In late 2015, the company agreed with Maria Klara Heinritzi (MKH) to develop a chain of Italian restaurants in the UK under the brand name, L’Osteria. Ms Heinritzi held the franchise in Austria and PK and his wife Alpa Naik (AK) were former joint venture partners with MKH operating McDonalds restaurants in the UK. The share capital was increased to £100 with PK and MKH each holding 50%. MKH was appointed a director on 1 March 2016 together with AK. Alexander Schwendemann was appointed as a non-executive director.
Through her company Alpin Gastronomie GmBh, MKH committed funding of over £2 million and restaurants were opened in Bristol (2016) and Southampton (2017). PK had responsibility as Managing Director for day-to-day operations for a salary of £80,000 per annum and a car. His wife had responsibility for administration and marketing.
Trading in Bristol in 2016 was below expectations, whilst Southampton was in line with expectations. MKH and PK were in close contact on a regular basis and turnover increased to approximately £4 million per annum.
Administrators' statement of proposals (2024-09-21) · Companies House register