Filmhouse Trading Limited (SC123081): administration
- Status
- Administration ended
- Administration began
- 2022-10-06
- Administrators
- Chad Griffin, Thomas Campbell Maclennan
- Administrators' firm
- FRP Advisory
- Formerly
- Frameoffer Limited
- Incorporated
- 1990-02-20
- Location
- Edinburgh
- Industry
- 56101 Licenced restaurants
Why it went into administration
- Rising costs / inflation
- Energy costs
- Weak consumer demand
- Funding withdrawn / unable to refinance
- Parent or group failure
From the administrators' statement
In September 2022, the Group became concerned that increasing costs (particularly energy costs) coupled with cost of living crisis and a failure to return to pre-covid cinema attendance would necessitate further funding.
‘The Group therefore updated projections and these were tabled and ‘discussed at. "meetings of the Audit and Risk Committee in mid September.
_ Amain board meeting on 26 September considered the funding gap. and whether ‘-
Administrators' statement of proposals (2022-11-29) · Companies House register