LJS Food Chelmsford Limited (13076734): administration
- Status
- Administration ended
- Administration began
- 2023-03-02
- Administrators
- Christopher Robert Pole, Timothy Bateson
- Administrators' firm
- Interpath Advisory
- Incorporated
- 2020-12-11
- Location
- London
- Industry
- 56101 Licenced restaurants
Why it went into administration
- Weak consumer demand
- Rising costs / inflation
- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure
- Creditor pressure / legal action
- COVID-19
- Supply chain disruption
From the administrators' statement
The Company was incorporated on 11 December 2020 and is a wholly owned subsidiary of the Parent Company. The Company holds the lease for the site on Chelmsford High Street.
There were 5 employees of the Company, which operated from the site in Chelmsford. All employees transferred to the Purchaser under TUPE on 2 March 2023, following a sale of the majority of the Company's assets.
The Purchaser is a connected party which is 50% owned by John Coverley and 50% owned by Paul Stagg.
Administrators' statement of proposals (2023-03-25) · Companies House register