Country PUB Group Limited (10077086): administration
- Status
- Administration ended
- Administration began
- 2020-07-31
- Administrators
- Trevor John Binyon, Steven John Parker
- Administrators' firm
- Opus Restructuring
- Formerly
- O C Home Limited; Bear Invest Limited
- Incorporated
- 2016-03-22
- Location
- Milton Keynes
- Industry
- 56101 Licenced restaurants
Why it went into administration
- COVID-19
From the administrators' statement
3.1
Due to the coronavirus pandemic, the Company ceased to trade in mid-March 2020 ° and closed its premises. The Company was able to make use of the government furlough scheme and managed to.obtain a CIBLS loan from NatWest for £50,000 in grant funds. Some of the landlords offered concessions and others did not. The Company also faced large supplier payments and mounting debt with no income. | The Company submitted a case for £212,000 for the CIBLS loan, however this was turned down and the Company was offered £50,000. Upon accepting the loan and noting that there would be no other income within the coming months (as no date had been set for when pubs/restaurants would be able to open again), the Director started to explore other options. .
With the introduction via Oxenham Associates, the Director discussed options with Steve Parker’ of Opus Restructuring LLP. Opus Restructuring LLP were initially engaged, on 10 April 2020, to carry out an Options Review for the Company to
Administrators' statement of proposals (2020-08-24) · Companies House register