Centrepoint Venues Limited (SC260225): administration
- Status
- In administration
- Administration began
- 2012-10-11
- Administrators
- James Bernard Stephen, David J Hill
- Administrators' firm
- BDO
- Incorporated
- 2003-12-03
- Location
- Clarkston
- Industry
- 56301 Licenced clubs
Why it went into administration
- Weather / natural events
From the administrators' statement
The company was incorporated on 03 December 2003. The Company operates from 146 Main Street, Coatbridge as a bar and nightclub.
The Company trades as the Innishmohr Bar, Sugar Sugar and Essence and owns the entire share capital of Merlin McFlys Ltd (“Merlin”) which trades as Level 2 & the Edge from leasehotd premises across the road. There is an intercompany guarantee from Merlin McFlys Ltd to the Company 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 opposite the Company which management viewed as a direct threat and subsequently purchased the leasehotd from the operator and then opened Merlin as above.
Administrators' statement of proposals (2012-11-26) · Companies House register