Sania (PH) Ltd (10773165): administration
- Status
- Administration ended
- Administration began
- 2023-04-28
- Administrators
- Situl Devji Raithatha
- Administrators' firm
- Springfields Advisory
- Incorporated
- 2017-05-16
- Location
- Leciester
- Industry
- 56103 Take-away food shops and mobile food stands
Why it went into administration
- Sustained trading losses
- Property / lease costs
- COVID-19
- Weak consumer demand
- Rising costs / inflation
From the administrators' statement
Creditors should note that, unless otherwise stated, this section of my proposals has been prepared based on information provided to me by the Director of the Company and not from my personal knowledge as Administrator.
The Company was incorporated on 16 May 2017 to operate Pizza Hut franchises under Franchise Agreements with Yum! III (UK) Limited (“the Franchisor’). The Director also operated a number of other fast-food businesses, which includes other Pizza Hut franchises. At its peak, the Company had approximately 75 employees.
The portfolio of sites has faced challenges with some sites underperforming and others performing strongly. Despite the mixed performance, and challenges brought about by the Covid-19 Pandemic (‘the Pandemic”), the Company recorded significant post-taxation profits in the accounting periods ended 31 August 2020 and 31 August 2021 respectively.
Administrators' statement of proposals (2023-06-27) · Companies House register