# MMI Scotland Ltd (SC263351)

> Why UK company SC263351 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/SC263351

- **Status:** Administration ended
- **Administration began:** 2013-04-26
- **Administrators:** Blair Carnegie Nimmo, Gerard Anthony Friar
- **Administrators' firm:** KPMG
- **Formerly:** Marmion Inns Limited
- **Incorporated:** 2004-02-11
- **Location:** Glasgow
- **Industry:** 56101 Licenced restaurants

## From the administrators' statement

The Company was formed in 2004 by the Directors to operate the Premises as a public house and restaurant, Between 2004 and January 2011, the Premises were operated under a lease agreement with Mitchells & Butlers. In January 2011, having secured term loan funding from the Bank, and a Hoan from TCB, the Premises were purchased by the Company.

The site from which the Premises operate comprises an extended two-storey former farmhouse, a large external seating area, and an area of undeveloped land.

The Company generated turnover of £716,000 during FY12 (a reduction of approximately £66,000 on the sales achieved during FY11), and a profit before tax of £33,000 (representing approximately 50% of the profit before tax achieved during FY11). The Company’s most recent financial information, management accounts for the nine-month period to 31 January 2013 which were provided to us by the Bank, indicates annualised . turnover of approximately £660,000, a reduction of 8% on the equivalent figure for FY12, and a reduction of 16% on sales achieved during FY11.

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/SC263351/filing-history/MzA4MDAxOTg0MWFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/SC263351

Contains public sector information from Companies House, licensed under the Open Government Licence v3.0.