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Perscetti Ltd (SC438827): administration

Status
Administration ended
Administration began
2015-01-05
Administrators
Neil Dempsey, Kenneth Wilson Pattullo
Administrators' firm
Begbies Traynor
Incorporated
2012-12-14
Location
Aberdeen
Industry
56302 Public houses and bars

Why it went into administration

From the administrators' statement

The Company operated as a restaurant and public house in the city centre of Dundee. The Company's business came about following it taking over the trading business of a previous partnership, where the partners had decided to terminate their joint business arrangements. One partner, Graeme Hamilton, set up the Company which inherited the trading position in relation to the bar/restaurant “Tonic”. In discussions with the director, it became apparent to him that the Company's trading results were not as good as he wished, due, in his view, to unnecessary costs being incurred. Therefore, the director set about arranging new agreements with suppliers and trying to obtain a secure future for the Company by trying to agree a new

lease for the trading premises, which were at that time on a seven day notice period.

The reasons for the Company’s insolvency

Administrators' statement of proposals (2015-03-05) · Companies House register

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Perscetti Ltd (SC438827)

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