Natural Baking Limited (10941685): administration
- Status
- Administration ended
- Administration began
- 2019-12-13
- Administrators
- Neil Frank Vinnicombe, Simon Robert Haskew
- Administrators' firm
- Begbies Traynor
- Incorporated
- 2017-09-01
- Location
- St James Parade
- Industry
- 56102 Unlicenced restaurants and cafes
Why it went into administration
- HMRC / tax arrears
- Loss of a key customer, supplier or contract
- Parent or group failure
From the administrators' statement
The Company was incorporated on 1 September 2017 and operated as a licensed café/restaurant and micro-bakery in central Bristol. The Company operated out of leasehold premises at 85 Park Street, Bristol, BS1 5PJ since 7 September 2017.
The Company was formed to acquire the business and assets of Pinkmans Bakery Limited (“PBL”) which was placed into administration on 7 September 2017. Steven Whibley was a director of PBL.
We were initially approached for advice by the director on Friday15 November 2019, as the Company had fallen behind with payments to suppliers, the landlord and HM Revenue & Customs (“HMRC”). Trading was not generating sufficient cash to discharge the Company's liabilities and the director considered it necessary to take advice concerning the insolvency options available to the Company. HMRC in particular were applying pressure. On 25 October it had written to the Company demanding repayment of £222,346 by no later than 4 November. The letter set out that the Company's failure to do so would result in Taking Controf of Goods action being instituted, meaning the seizure of the Company’s assets and sale at public auction
Administrators' statement of proposals (2020-01-07) · Companies House register