Jimmy's Restaurant and Bar Mediterranean Limited (11152435): administration
- Status
- In administration
- Administration began
- 2026-01-14
- Administrators
- Sandra Fender
- Administrators' firm
- Insolvency Practitioners of Sanderlings
- Incorporated
- 2018-01-16
- Location
- Birmingham
- Industry
- 56101 Licenced restaurants
Why it went into administration
- Supply chain disruption
- Funding withdrawn / unable to refinance
From the administrators' statement
The purchaser is S & G Group Hospitality Ltd, a newly incorporated company whose directors and shareholders include individuals who were directors of the Company and are therefore connected persons as defined in Section 249 of the Insolvency Act 1986.
The consideration for the sale was £50,000 payable with £25,000 paid upon completion and the remaining £25,000 to be paid in 8 equal consecutive monthly instalments. The deferred consideration has been secured by way of a personal guarantee from the Directors of the Purchaser.
Assets Sold
Administrators' statement of proposals (2026-04-18) · Companies House register