Corner Square Limited (11726174): administration
- Status
- Administration ended
- Administration began
- 2021-12-10
- Administrators
- James Kaye, Nicholas Morgan
- Administrators' firm
- Alliance Equity Partners
- Incorporated
- 2018-12-13
- Location
- Wilmslow
- Industry
- 82990 Other business support service activities n.e.c.
Why it went into administration
- Competition / price pressure
- Weak consumer demand
- Weather / natural events
From the administrators' statement
Creditors should note that, unless otherwise stated, this section of my proposals has been prepared based on information provided to me by the directors of the Company and not from my personal knowledge as Administrator.
The Company was incorporated in December 208 as a holding company, with two subsidiaries. TDP held a lease of a premises in Mayfair and Total Night was the company trading as a restaurant from the premises.
The Company acquired TDP who had already granted the lease to the premises. We have been advised by the directors and that the landlord of the premises (the Crown Estates) would not agree to an assignment of the lease which is why the group was structured in this was. Therefore, the only company trading, and thus creating any income, was Total Night.
Administrators' statement of proposals (2022-01-12) · Companies House register