Rice Brands Ltd (10821287): administration
- Status
- Administration ended
- Administration began
- 2022-06-17
- Administrators
- Philip Lewis Armstrong, Philip James Watkins
- Administrators' firm
- FRP Advisory
- Formerly
- PAK Holdings Ltd
- Incorporated
- 2017-06-15
- Location
- London
- Industry
- 56101 Licenced restaurants
Why it went into administration
- Property / lease costs
- COVID-19
- Weak consumer demand
- Sustained trading losses
- Competition / price pressure
From the administrators' statement
The Company was incorporated in June 2017 and commenced trading shortly thereafter. The purpose of the Company’s business (and that of the sister companies at the time) was to offer healthy and competitively priced Asian food to the London office worker, where the management team perceived there to be a gap in the market.
Administrators' statement of proposals (2022-06-28) · Companies House register