Merlin Mcflys Limited (SC221054): administration
- Status
- Administration ended
- Administration began
- 2012-10-11
- Administrators
- James Bernard Stephen, David J Hill
- Administrators' firm
- BDO
- Formerly
- Macrocom (703) Limited
- Incorporated
- 2001-07-09
- Location
- Clarkston
- Industry
- 56302 Public houses and bars
Why it went into administration
- Weather / natural events
From the administrators' statement
The company was incorporated on 09 July 2001. The Company operated from leasehold premises at Units 25 26 & 28, The Quadrant, Main Street, Coatbridge, ML5 3EG.
The Company trades as the Edge and Level 2 and is a wholly owned subsidiary of Centrepoint Venues Ltd (“Centrepoint”) which trades as the Innishmohr Bar and Sugar Sugar/30 Something Nightclub from freehold premises across the road. There is an intercompany guarantee from the Company to the Centrepoint for £3m.
The Company was originally operated by Raymond Codona Jnr and Steve Graham. In 2007, a large operator obtained planning permission to form a new nightclub under leasehold which management viewed as a direct threat and subsequently purchased the leasehold from the operator.
Administrators' statement of proposals (2012-11-26) · Companies House register