Valentina Fine Foods LLP (OC328888): administration
- Status
- Administration ended
- Administration began
- 2017-10-17
- Administrators
- Lloyd Christopher Biscoe, Wayne Macpherson
- Administrators' firm
- Begbies Traynor
- Formerly
- Valentinos Fine Foods LLP
- Incorporated
- 2007-06-07
- Location
- London
Why it went into administration
- Property / lease costs
- Sustained trading losses
From the administrators' statement
The Valentina business started in 1991 with the first restaurant and delicatessen operating from leased premises in East Sheen, focussing on authentic, high quality Italian cuisine In the years following, the business expanded to include restaurants and delicatessens with leased premises in Battersea Putney London Bridge, Notting Hill. Chiswick, Reigate and Weybridge
The Partnership was formed in June 2007 and traded the Valentina business until 2016 when it was transferred to the Company as an operations company pursuant to a restructuring The Partnership retained the teases as well as certain supply contracts and intellectual property (as the Partnership had no trading income it was funded by the Company to meet Its obligations)
To fund trading, throughout 2016 and 2017 approximately £4 2m of funding was injected by way of loans into the Company by Fiumerapido, which also enabled the Company to meet its obligations to the Partnership in respect of rent, and supply contracts
Administrators' statement of proposals (2017-12-10) · Companies House register