7Bone Gervis Place Ltd (09149526): administration
- Status
- Administration ended
- Administration began
- 2022-11-03
- Administrators
- William James Wright, Claire Sophie Winder
- Administrators' firm
- Interpath Advisory
- Incorporated
- 2014-07-28
- Location
- London
- Industry
- 56101 Licenced restaurants
Why it went into administration
- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure
- COVID-19
- Creditor pressure / legal action
From the administrators' statement
The Company was incorporated in 2014 with its first site opening in Southampton. Kings Park Capital LLP invested into the business in 2016. As part of an expansion plan, the Group opened several new sites in recent years, growing from four sites in 2016 to thirteen sites in 2022, The Company was the counterparty to leases of two sites.
The Company had one statutory director at the date of appointment, Matt Mollicone (‘the Director’).
KPC II Limited hold a 55% shareholding in the Group with Matt Mollicone owning 20%. The remaining 25% is held by a number of other shareholders.
Administrators' statement of proposals (2022-11-22) · Companies House register