Peyton and Byrne Bakeries Limited (10380298): administration
- Status
- Administration ended
- Administration began
- 2018-10-16
- Administrators
- Alex David Cadwallader, Neil A Bennett
- Administrators' firm
- Leonard Curtis
- Incorporated
- 2016-09-16
- Location
- London
- Industry
- 56290 Other food services
Why it went into administration
- Property / lease costs
- Creditor pressure / legal action
From the administrators' statement
The Company commenced trading in late 2016 after it acquired the assets from the Administration of Peyton & Byrne Limited (“PBL”) on 17 October 2016. PBL operated nine restaurants, five bakeries, an events business and a central bakery. PBL was a connected party as Ms Siobhan Peyton was a director and shareholder of PBL.
The Company acquired the brand rights, bakeries and the central bakery from the Administration. Sodexo Limited (“Sodexo”) acquired the nine restaurants and the events business.
The purchase of the business and assets from the Administration, as well as initial trading, was financed through a business loan from Aurora Finance of £100,000 which was personally guaranteed by Ms Siobhan Peyton, as well as a loan from Ms Caitriona Peyton of £50,000.
Administrators' statement of proposals (2018-11-27) · Companies House register