Tayone Food Limited (SC532707): administration
- Status
- Administration ended
- Administration began
- 2018-10-11
- Administrators
- Peter Kubik
- Administrators' firm
- Insolvency Practitioners of Uhy Hacker Young
- Incorporated
- 2016-04-15
- Location
- Dundee
- Industry
- 56290 Other food services
Why it went into administration
- Property / lease costs
- Creditor pressure / legal action
From the administrators' statement
The Company was incorporated on 15 April 2016 by Ms Dea McGill, a current director. Dr Rami Sarraf was subsequently appointed director on 12 August 2016.
The Company traded as a licensed restaurant, named Brassica, at 4-5 Shore Terrace, Dundee, DD1 3AH. It’s registered office is 14 City Quay, Dundee, DD1 3JA.
A 10 year lease was obtained for the trading premises, ending in January 2028, The first years’ rent amounted to £10,500 excluding VAT which was subject to annual increases. Dr Sarraf provided the landlord, Dundee City Council, with a personal guarantee for the rent arrears. At the date of the Administration, this amounted to £8,721.33 plus VAT.
Administrators' statement of proposals (2018-12-03) · Companies House register