HRC Newcastle Limited (11554451): administration
- Status
- Administration ended
- Administration began
- 2025-03-17
- Administrators
- Antonya Allison, Steven Phillip Ross
- Administrators' firm
- FRP Advisory
- Incorporated
- 2018-09-05
- Location
- Gosforth
- Industry
- 56101 Licenced restaurants
Why it went into administration
- COVID-19
- Property / lease costs
- Weak consumer demand
- Energy costs
- Rising costs / inflation
From the administrators' statement
The Company was incorporated on 5 September 2018 with Mr David Tilly and Mrs Penny Tilly appointed as Directors. Companies House shows that the Company shareholders are Mr David Tilly and Mrs Penny Tilly holding one share each however, we understand that there is a different group structure in place. The Administrators are seeking to confirm the position with a previous advisor. If the other group structure exists, David Tilly and Penny Tilly remain the ultimate beneficial owners of the group with 50% shareholding each.
The registered office of the Company was 14 Duxbury Park, Washington, Tyne & Wear, NE38 8BJ with the trading address being The Guildhall, Sandhill, Newcastle upon Tyne, NE1 3AF.
The Company was incorproatated with the purpose of obtaining a franchise agreement with Hard Rock International to bring the Hard Rock Café to Newcastle which was secured in July 2019.
Administrators' statement of proposals (2025-05-14) · Companies House register