Valentina Fine Foods & Wines Limited (09350995): administration
- Status
- Administration ended
- Administration began
- 2017-10-17
- Administrators
- Gary Paul Shankland, Louise Donna Baxter
- Administrators' firm
- Begbies Traynor
- Incorporated
- 2014-12-11
- Location
- Canary Wharf
- Industry
- 56101 Licenced restaurants
Why it went into administration
- Sustained trading losses
From the administrators' statement
The Valentina business started in 1991 with the first restaurant and delicatessen operating from leased premises in East Sheen, focussing on authentic, high quality Italian cuisine. In the years following, the business expanded to include restaurants and delicatessen with leased premises in Battersea, Putney, London Bridge, Notting Hill, Chiswick, Reigate and Weybridge.
The Company was incorporated in December 2014. In 2016 the Valentina business was transferred to it as an operations company pursuant to a restructuring resulting in the Partnership retaining the leases and certain other intellectual property. By this time the business was also offering food sales through an on line shopping portal.
To fund trading, throughout 2016 and 2017 approximately £4.2m of funding was injected by way of loans into the Company by Fiumerapido. These loans were in part secured by way of a fixed and floating charge over the Company's assets.
Administrators' statement of proposals (2017-12-05) · Companies House register