The Coconut Tree Limited (10436564): administration
- Status
- In administration
- Administration began
- 2025-11-06
- Administrators
- Mark Guy Boughey, Rebecca Jane Dacre
- Administrators' firm
- Mazars
- Incorporated
- 2016-10-19
- Location
- London
- Industry
- 56101 Licenced restaurants
Why it went into administration
- HMRC / tax arrears
- Creditor pressure / legal action
- COVID-19
From the administrators' statement
The Company was incorporated on 19 October 2016 and the first restaurant location was opened in November 2016 in Cheltenham, with a second location opening in Oxford in November 2017, followed by two further sites in Bristol in 2018. The Company traded as a chain of Sri Lankan restaurants and bars. At the date of Administration, the Company was operating from 7 locations in total across the South/South West of England.
The business was disrupted by Covid-19 and the subsequent government imposed lockdowns. Two new sites (Cardiff and Bournemouth) traded at a loss and put the business as a whole under strain. Cash flow restraints resulted in missed and late VAT payments to H M Revenue & Customs (“HMRC”). The Company received a winding up petition from HMRC, as a result, on 28 December 2023.
| was first approached by the Company on 23 April 2024. Initially | acted as an advisor to the Company by providing information as to the options available and subsequently as Joint Supervisor for the duration of the Company's CVA. It had been concluded that a CVA was viable and would result in a much better outcome for all creditors than the Compulsory
Administrators' statement of proposals (2025-11-18) · Companies House register