HMS (883) Limited (SC401180): administration
- Status
- In administration
- Administration began
- 2026-03-05
- Administrators
- Gordon Thomson, Gareth Harris
- Administrators' firm
- RSM
- Incorporated
- 2011-06-07
- Location
- Edinburgh
- Industry
- 56101 Licenced restaurants
Why it went into administration
- HMRC / tax arrears
- Weak consumer demand
- COVID-19
- Rising costs / inflation
- Energy costs
- Sustained trading losses
From the administrators' statement
The Company was incorporated in June 2011 to operate two Italian restaurants in Glasgow: Lucali Giffnock and Andiamo Milngavie. The Company formed part of a wider group (‘the Group’) that also operated three fish and chip shops under the ‘Catch’ brand. Of the Catch sites, Catch Clarkston remains owned by the Group, while the other two locations became franchises.
Lucali and Andiamo were historically profitable, but the Group included various loss-making units and Management identified operational inefficiencies within the business which were significantly impacting its profitability. Labour costs were disproportionately high, the layout and design of the kitchens were considered sub-optimal and they faced issued with staff retention and profit margins. In addition, the Company faced sector-wide pressures within the hospitality industry. These included rising food prices, staff and utility costs and changes in consumer behaviour following the pandemic, resulting in reduced footfall and lower average customer spend.
As a result of these combined factors, the Company reported a net loss of £352k for the financial year ending 2023/2024. In order to manage its cash flow position, the Company accrued substantial liabilities to HM Revenue & Customs (‘HMRC’). HMRC arrears totalled £806k and were subject to two separate Time to Pay (‘TTP’) arrangements one relating to PAYE/NI and the other relating to VAT.
Administrators' statement of proposals (2026-03-17) · Companies House register