# Taroc Limited (10462121)

> Why UK company 10462121 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/10462121

- **Status:** Administration ended
- **Administration began:** 2018-10-05
- **Administrators:** Gareth Hunt, Tracy M Clowry
- **Administrators' firm:** Ams Accountants Medical
- **Incorporated:** 2016-11-03
- **Location:** Handforth
- **Industry:** 56101 Licenced restaurants

## Why it went into administration

- Rising costs / inflation
- Cash flow / liquidity pressure
- Creditor pressure / legal action
- Competition / price pressure
- Weather / natural events

## From the administrators' statement

The Company was established by Mrs Monica Marie Bacci as an Italian restaurant. For the first year the Company was just about standing on its own 2 feet and employed 5 fulltime members of staff.

Pursuant to Schedule Bi of the Insolvency Act 1986

However, with the advent of increased competition, the rise of the minimum wage, the weak pound (as most products are sourced from Italy), it became increasingly difficult to maintain positive cashflow meet ongoing liabilities.

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/10462121/filing-history/MzIxOTY5NDA2M2FkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/10462121

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