Red Shed 433 Limited (12642503): administration
- Status
- Administration ended
- Administration began
- 2023-09-12
- Administrators
- Steven Phillip Ross, Allan David Kelly
- Administrators' firm
- FRP Advisory
- Incorporated
- 2020-06-03
- Location
- Newcastle upon Tyne
- Industry
- 56102 Unlicenced restaurants and cafes
Why it went into administration
- Rising costs / inflation
- Energy costs
From the administrators' statement
Despite establishing itself in the marketplace during 2020 and 2021, the cost of food inflation and energy costs, significantly reduced profit margins resulting in the business being no longer viable.
Red Shed 433 Limited t/a Chiktopia (In Administration) The Administrators’ Proposals
FRP
Administrators' statement of proposals (2023-11-08) · Companies House register