PH Realisations 2018 Limited (09636447): administration
- Status
- Administration ended
- Administration began
- 2018-10-01
- Administrators' firm
- ReSolve
- Formerly
- Protein Haus Limited
- Incorporated
- 2015-06-12
- Location
- London
- Industry
- 56102 Unlicenced restaurants and cafes
Why it went into administration
- Property / lease costs
- Sustained trading losses
From the administrators' statement
The Company commenced trading in June 2015 as a take-away service preparing and selling a variety of health foods and drinks to the general public from a kiosk at Canary Wharf.
'n the first year of trading the Company secured three further outlets at Stratford (Westfield Shopping Centre), Moorgate tube station and a larger kiosk at Canary Wharf. These sites were all favourably located in and around London tube stations and Westfield shopping centre. As a result, 1,350 customers are estimated to have been served daily. The Westfield kiosk was closed after 8-9 months due to poor foot fall which saw operating costs exceed sales.
The Company produced and packaged its product from kitchens at Canary Wharf occupied by an associated company, Pentfold Limited. When the leases for the three units expired in June 2018 new leases were provided to the Company to 30 November 2018.
Administrators' statement of proposals (2018-10-23) · Companies House register