From the administrators' statement

With the death of the major shareholder, the other shareholders were no longer willing to inject further capital into Casa El Pastor to cover off these debts.

By August / September 2024, it had become apparent ‘that the Company required funding above the level! available to it by its bank and neither the Company nor its investors were in a position to advance the necessary funding.

A review of the Company’s cash-flow revealed that there would be insufficient working capital available to allow the Company to continue to trade in the medium term in order for a purchaser to be found. There were no requests made to potential funders because it was considered necessary to initiate an insolvency process as soon as possible.

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Casa EL Pastor Limited (11122469)

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