# MRY 500 Ltd (SC400454)

> Why UK company SC400454 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/SC400454

- **Status:** Administration ended
- **Administration began:** 2014-09-29
- **Administrators:** Colin Peter Dempster, Gavin Yuill
- **Administrators' firm:** EY
- **Incorporated:** 2011-05-27
- **Location:** Glasgow
- **Industry:** 82990 Other business support service activities n.e.c.

## Why it went into administration

- Cash flow / liquidity pressure
- Creditor pressure / legal action
- Property / lease costs

## From the administrators' statement

The Company was incorporated on 27 May 2011. It acquired the Fox & Hounds pub and restaurant and Houston Brewing Company (the Property) in November 2012 from the previous owner Mr and Mrs Wengel for a consideration of c.£1.2m.

The Company operated the pub/restaurant and the microbrewery from November 2012 until shortly before the Company entered administration when two leases were put in place. The . stated date of entry for these leases were 1 June 2014 (with Red Star to operate the pub/restaurant) and 1 September 2014 (with RL to operate the microbrewery). Both of these leases were signed in early September 2014. From these dates, the pub/restaurant and microbrewery were operated by the Tenants, and the Company's sole business activity was that of a landlord.

The recent financial results of MRY 500 Limited can be summarised as follows:

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/SC400454/filing-history/MzExMTkyNTA4MWFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/SC400454

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