Happy Haddock, Shanklin Ltd (11807069): administration
- Status
- Administration ended
- Administration began
- 2023-09-12
- Administrators
- Duncan Kenric Swift, Christopher Tate
- Administrators' firm
- Azets
- Incorporated
- 2019-02-05
- Location
- Southampton
- Industry
- 56103 Take-away food shops and mobile food stands
Why it went into administration
- COVID-19
- Weak consumer demand
- Rising costs / inflation
- HMRC / tax arrears
- Bad debts / customer insolvency
- Brexit
From the administrators' statement
The company was incorporated on 5th February 2019 by Gary Peach (“GP”) as the Sole director for the purpose of purchasing a ‘Going Concern’ Fish and Chip shop business in Shanklin on the Isle of Wight.
Although GP had no experience in the industry, he has managerial experience and team leadership skills which he would use to move the company forward. GP bought the business as the staff already working, had extensive experience and knowledge of the industry and under his leadership would form a good team.
The company was initially funded by a directors loan and a mortgage to buy the Shanklin site freehold and assets. GP was the sole shareholder, holding one share.
Administrators' statement of proposals (2023-10-18) · Companies House register