IT Restaurant Limited (11160538): administration
- Status
- Administration ended
- Administration began
- 2023-09-29
- Administrators
- Alex David Cadwallader, Neil A Bennett
- Administrators' firm
- Leonard Curtis
- Incorporated
- 2018-01-22
- Location
- London
- Industry
- 56101 Licenced restaurants
Why it went into administration
- HMRC / tax arrears
- COVID-19
- Cash flow / liquidity pressure
- Property / lease costs
- Sustained trading losses
From the administrators' statement
The Company was incorporated on 22 January 2018 and commenced to trade in November 2019 after having spent time undertaking a full refurbishment of the Company’s trading premises.
The Company latterly traded from leasehold premises at 28-29 Dover Street, London W1S 4LX and the Company held associated leases in respect of the Premises, made up as follows:
The Ground Floor — which is held on a 15-year lease, expiring on 10 June 2033. The current rent is £730,000 per annum.
Administrators' statement of proposals (2023-10-25) · Companies House register