From the administrators' statement

The Company was incorporated on 26 March 2009 and traded as a tied pub in Mull Hill, London The property was held leasehold from the Landlord, Punch Retail Limited (“Punch”), at a rent of £35,000 per annum The lease 1s due to expire in June 2015

The members of the Company had extensive expertence 1n the catering and hospitality market having managed a number of small chain pizzerias The business was purchased from an independent owner of other pubs/restaurants for £60,000 on 19 May 2009

The members undertook various refurbishments to the trading premises costing approximately £13,000 in an effort to improve the ambience of the surroundings The purchase was financed by the Del Nevo family from savings, family loans and a bank loan

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Matluca LLP (OC344356)

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