Roberto Costa (Exmouth) Ltd (09596873): administration
- Status
- Administration ended
- Administration began
- 2024-05-23
- Administrators
- Nicholas Parsk, Carrie James
- Administrators' firm
- FRP Advisory
- Incorporated
- 2015-05-19
- Location
- Slough
- Industry
- 56101 Licenced restaurants
Why it went into administration
- COVID-19
- Rising costs / inflation
- Cash flow / liquidity pressure
- Property / lease costs
- Rising interest rates
From the administrators' statement
The director advised that the Company had become insolvent due to a combination of the following factors:
• Debt taken on as a result of the Covid-19 pandemic.
• Recent economic factors such as rising costs of energy, wages and interest rates.
Administrators' statement of proposals (2024-07-15) · Companies House register