JD Hospitality Limited (11116229): administration
- Status
- Administration ended
- Administration began
- 2019-02-08
- Administrators
- Simon Robert Haskew, Paul David Wood
- Administrators' firm
- Begbies Traynor
- Incorporated
- 2017-12-18
- Location
- Bristol
- Industry
- 56101 Licenced restaurants
Why it went into administration
- Creditor pressure / legal action
- Management failings / irregularities
From the administrators' statement
The Company was incorporated on 18 December 2017 as a licensed restaurant and traded from The Foresters, Chepstow Road, Llandevaud, Newport, NP18 2AA.
During the period prior to appointment, the Company suffered harsh trading conditions, which resulted in problems with staff retention. In addition to this, the director confirmed that due to cash flow issues, which were related to management problems, she had no choice but to invest circa £100,000. However, huge creditor pressure and the inability to pay debts as and when they fell due, left the director with no choice other than to conclude that the Company was insolvent. This led to closing the restaurant and ceasing to trade.
We were formally engaged by the Company on 22 January 2019.
Administrators' statement of proposals (2019-04-18) · Companies House register