Hatchet Harry's Ltd (11939231): administration
- Status
- Administration ended
- Administration began
- 2024-08-09
- Administrators
- Jack Callow, Ian Mcculloch
- Administrators' firm
- Opus Restructuring
- Incorporated
- 2019-04-11
- Location
- Milton Keynes
- Industry
- 93290 Other amusement and recreation activities n.e.c.
Why it went into administration
- HMRC / tax arrears
- Creditor pressure / legal action
- Sustained trading losses
From the administrators' statement
The directors were committed to refocussing efforts on the Company’s core activity and were confident that expanding the customer base would lead to sustained prosperity. The business plan and cash flow were prudently developed, incorporating moderate and realistic growth projections that were considered well within reach.
Working closely with a professional adviser to the Company, Craig Davies of Simpler Tax, the directors produced a detailed business plan that indicated the Company could generate a reasonable trading profit in the future, provided that the business could be restructured, which was initially provided for in a Company Voluntary Arrangement (“CVA”) Proposal.
The CVA Proposal would have enabled the business to benefit from changes already made and from further planned changes to its operations.
Administrators' statement of proposals (2024-09-03) · Companies House register