Integrity PUB Management Limited (09459813): administration
- Status
- Administration ended
- Administration began
- 2017-12-18
- Administrators
- Julie Webster, Jeremy Paul David Oddie
- Administrators' firm
- Neathouse Partners
- Incorporated
- 2015-02-26
- Location
- Blackburn
- Industry
- 56302 Public houses and bars
Why it went into administration
- Funding withdrawn / unable to refinance
From the administrators' statement
The Company was incorporated on 26 February 2015 and its current principal trading activities are in the field of pub management.
The Company purchased the building situated at 91 Chapel Street, Salford, M3 SDF in September 2016. The funding for the original purchase is understood to have come from the Director in conjunction with a third party.
In early 2017 the Director took steps to refinance the building in order to repay the debt owed to a third party. He approached Goldcrest who agreed to provide a loan of £400,000 for a period of 12 months. In consideration for the loan, the Company granted a legal charge over the property and a debenture over all other assets of the Company.
Administrators' statement of proposals (2018-01-31) · Companies House register