Corbin & King Limited (11090755): administration
- Status
- Administration ended
- Administration began
- 2022-01-25
- Administrators' firm
- FRP Advisory
- Formerly
- Minor C&K Limited
- Incorporated
- 2017-11-30
- Location
- London
- Industry
- 64202 Activities of production holding companies
Why it went into administration
- COVID-19
- Funding withdrawn / unable to refinance
From the administrators' statement
The Company and its subsidiaries form the Corbin & King restaurant group, which includes well-known trading restaurants (such as the Wolseley and the Delaunay) and property companies. The Company was incorporated on 30 November 2017 to specifically acquire the entire share issued capital of C&KHL and obtain control of the Group. The Company does not trade, acting only as a holding company for the Group. A group structure can be found at Appendix A.
Following the sale of their London-based restaurant group in 1998, Jeremy King and Chris Corbin acquired the former Wolseley car showroom on Piccadilly and in 2003 established The Wolseley restaurant.
In 2012, having opened The Delaunay in the previous year, the Group received investment of £19 million from Graphite Capital, a UK private equity fund, to accelerate the expansion of the Group. This period saw the opening of four more sites and the acquisition of The Beaumont, a five-star hotel in London’s Mayfair district (which no longer forms part of the Group).
Administrators' statement of proposals (2022-03-24) · Companies House register