Carvossos At 210 Ltd (09668945): administration
- Status
- Administration ended
- Administration began
- 2017-12-01
- Administrators' firm
- Kallis & Company
- Incorporated
- 2015-07-03
- Location
- London
- Industry
- 56101 Licenced restaurants
From the administrators' statement
Carvossos At 210 Limited (“the Company’) was incorporated in 2015 to take over an already established restaurant. Barretts Liquormart Limited (“Liquormart’), a company connected by virtue of common directors and shareholders owned the freehold. In August 2017 the freehold, together with the business, was sold to an unconnected party.
The Company carried on the trading of the business. All transactions however, were processed by Liquormart. Intercompany reconciliation would be carried out on a regular basis and all profits would be paid to the Company. It is understood that the total amount due to the Company by Liquormart is £600,000 however we have yet to receive a full reconciliation in this regard.
We are advised that the sale of business took place on 31 August 2017 as part of a wider transaction of the sale of the freehold property, at which point the Company ceased to trade. The sale consideration was £3,750,000 and was received by Liquormart in October 2017. At the time of writing this report we have not had sight of the sales contract or completion statement and cannot confirm what amounts were due to the Company from the sale.
Administrators' statement of proposals (2018-02-26) · Companies House register