56-58 Essex Road Ltd (10155579): administration
- Status
- Administration ended
- Administration began
- 2020-02-27
- Administrators
- Jeremy Karr, Simon John Killick
- Administrators' firm
- Begbies Traynor
- Incorporated
- 2016-04-29
- Location
- London
- Industry
- 56101 Licenced restaurants
Why it went into administration
- COVID-19
- Cash flow / liquidity pressure
- HMRC / tax arrears
- Loss of a key customer, supplier or contract
- Bad debts / customer insolvency
- Competition / price pressure
From the administrators' statement
56 — 58 Essex Road Ltd (“the Company”)
The Company was incorporated on 29 April 2016 by laonna Gkerdouki, Pritam Chenrai Waney (“Mr Waney”) and 43 Blandford Street Holdings Limited for the purpose of taking over the running of the business of Food Lab Limited, a restaurant. Mr Waney and the owners of 43 Blandford Street Holdings Limited both having over 25 years of experience in the restaurant industry.
The Company was originally formed for the purpose of purchasing the two leases (56 and 58 Essex Road) from Liliana Tamberi and in order to ring fence it from any potential liabilities from the previous operations. The overall strategy was to develop the “Latteria” concept using this site as a pilot and the central unit production of high-quality Milanese food for delivery, take away and eat in for the new units scheduled for the roll out of the concept.
Administrators' statement of proposals (2022-03-01) · Companies House register