PH Crawley Ltd (09169248): administration
- Status
- Administration ended
- Administration began
- 2023-09-07
- Administrators
- Situl Devji Raithatha
- Administrators' firm
- Springfields Advisory
- Incorporated
- 2014-08-11
- Location
- Leicester
- Industry
- 56103 Take-away food shops and mobile food stands
Why it went into administration
- Sustained trading losses
- Weak consumer demand
- Cash flow / liquidity pressure
- Competition / price pressure
- Creditor pressure / legal action
From the administrators' statement
The Company was incorporated on 11 August 2014 and operated two Pizza Hut franchises in Crawley under Franchise Agreements with Yum! Ill (UK) Limited (“the Franchisor’). The Company previously operated a third site in Haywards Heath. The Director also operated a number of Pizza Hut franchises throughout England under separate limited companies, which employed approximately 195 employees combined at their peak.
The Company obtained funding from HSBC Bank Plc to assist with the initial acquisition and start-up costs.
The Company performed well until late 2017; however, declining sales brought the viability of the business into question. Despite these issues, the Company was able to navigate this period and continued to trade.
Administrators' statement of proposals (2023-11-08) · Companies House register