Milton Portfolio OP Co 3 Limited (11047093): administration
- Status
- Administration ended
- Administration began
- 2023-11-13
- Administrators
- Howard Smith, Ryan Kevin Grant
- Administrators' firm
- Interpath Advisory
- Incorporated
- 2017-11-03
- Location
- Birmingham
- Industry
- 68100 Buying and selling of own real estate
Why it went into administration
- COVID-19
- Weak consumer demand
- Energy costs
- Sustained trading losses
From the administrators' statement
The Company was incorporated in 2017. In 2018, Milton 3 acquired Wear Inns Limited, a company established in 1994 which operated an estate of 25 pubs. In 2019, a reorganisation took place within Milton 3, with the Properties being transferred into PropCo, with all associated operations and staff being transferred to the Company.
The Company’s estate of 25 pubs is based across the North-East of England and Yorkshire. The 25 pubs are principally wet led with eight pubs also providing food and one pub providing accommodation.
The Company’s managing agent, Blackrose provided head office and operational support for the 25 pubs.
Administrators' statement of proposals (2023-12-20) · Companies House register