# Franklyns Bar Ltd. (SC335151)

> Why UK company SC335151 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/SC335151

- **Status:** Administration ended
- **Administration began:** 2014-12-12
- **Administrators:** David K Hunter, Derek Forsyth
- **Administrators' firm:** Azets
- **Incorporated:** 2007-12-11
- **Location:** Renfrew
- **Industry:** 7487

## Why it went into administration

- Funding withdrawn / unable to refinance
- Sustained trading losses
- Weak consumer demand
- Creditor pressure / legal action

## From the administrators' statement

The Company was incorporated on 11 December 2007 and commenced trading early the following year. The principal activity of the Company was the ownership and management of the Franklyns Bar public house at 14-16 Hamilton Road, Bellshill, ML4 1AQ, which the Company purchased in February 2008.

The latest set of financial statements are abbreviated unaudited accounts for the year ended 31 December 2013, which show net assets of approximately £46k. Those accounts are however based on a book value of £625k for the trading premises at Hamilton Road, Bellshill.

The latest accounts suggest that the company incurred a nominal trading loss in the year to 31 December 2013, however we have been unable to obtain from the Company’s records or former accountants a copy of the full accounts to support that trading loss.

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/SC335151/filing-history/MzExNzE1MTk2NWFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/SC335151

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