Secure Pizzas Ltd (09929971): administration
- Status
- Administration ended
- Administration began
- 2019-12-20
- Administrators
- Paul Stanley, Paul W Barber
- Administrators' firm
- Begbies Traynor
- Formerly
- Secure Pizza Ltd
- Incorporated
- 2015-12-24
- Location
- Manchester
- Industry
- 56103 Take-away food shops and mobile food stands
Why it went into administration
- Funding withdrawn / unable to refinance
- Creditor pressure / legal action
- Cash flow / liquidity pressure
- HMRC / tax arrears
From the administrators' statement
The Company operated a chain of five Pizza Hut Delivery stores around The Wirral, Merseyside and Greater
Manchester, each store operated under separate franchise agreements. The Company had been trading since December 2015 and employed almost 150 staff.
The Company began to experience financial difficulties as a consequence of inadequate turnover in three of the stores on The Wirral and Merseyside; they rarely broke-even. As a result, the Company experienced
Administrators' statement of proposals (2020-01-28) · Companies House register