# Tom's Place Limited (10117104)

> Why UK company 10117104 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/10117104

- **Status:** Administration ended
- **Administration began:** 2018-08-03
- **Incorporated:** 2016-04-11
- **Location:** Cheltenham
- **Industry:** 56101 Licenced restaurants

## Why it went into administration

- Weak consumer demand
- Cash flow / liquidity pressure
- Property / lease costs

## From the administrators' statement

The company was incorporated by Thomas Simmons and Lois Thomas to establish a restaurant offering gourmet food at affordable prices in central London. Mr Simmons had previously worked as head chef at a successful country house hotel in South Wales.

The directors secured equity finance for the company in two tranches from lan Watts and his associates; £300,000 in October 2016, shortly after opening negotiations with Berkeley Homes for the purchase of a lease over the company’s current trading premises, and £180,000 in April 2017 as negotiations progressed.

The company did not seek and has never had any other funding or credit facilities except for directors’ loans.

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/10117104/filing-history/MzIxMjg2NTQ5MmFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/10117104

Contains public sector information from Companies House, licensed under the Open Government Licence v3.0.