IL Tavolo Limited (09771728): administration
- Status
- Administration ended
- Administration began
- 2018-10-05
- Administrators
- Gareth Hunt, Tracy M Clowry
- Administrators' firm
- Ams Accountants Medical
- Incorporated
- 2015-09-10
- Location
- Handforth
- Industry
- 56101 Licenced restaurants
Why it went into administration
- Rising costs / inflation
- Cash flow / liquidity pressure
- Competition / price pressure
- Weather / natural events
From the administrators' statement
The Company was established by Mrs Monica Bacci as an Italian restaurant. For the first year the Company was just about standing on its own 2 feet and employed 5 fulltime members of staff.
However, with the advent of increased competition, the rise of the minimum wage, the weak pound (as most products are sourced from Italy), it became increasingly difficult to maintain positive cashflow meet ongoing liabilities.
The world cup in summer of 2018 and the hot weather, with the restaurant having no outside seating was the final nail, with customers staying away.
Administrators' statement of proposals (2018-11-19) · Companies House register