Tue, 29 Jan 2013 | ADMINISTRATION
Discussion is mounting about Yellowhammer Bars' future after one of its subsidiaries appointed administrators.
Patrick Ellward and Dilip Dattani of RSM Tenon are due to be appointed to handle the administration of Yellowhammer Trading Ltd. It is thought that the group is a trading entity for the group but does not hold any specific venues itself.
Reports from M&C confirmed that the notice to appoint administrators was filed on 16 January and read: “The chairman reported that, in view of ongoing financial difficulties, the company has consulted with RSM Tenon to take advice in connection with the financial position of the company and the options available.
“The company is experiencing financial difficulties and is insolvent as defined in the Insolvency Act 1986.”
The news comes after a number of Yellowhammer Bars' venues were closed. Bliss nightclub, located in the centre of Taunton, is one of the latest to shut its doors, although its management said that they were unaware of what direction the club's future would take.
A message on the company's website says that Bliss is “temporarily closed” but gives no further information, leaving the space open for speculation.
UNDER OFFER. Smart and accomplished Beauty Salon and Therapy Clinic in London, offering a range of beauty therapy and complimentary treatments from waxing, manicures and gel nail treatments, pedicures, electrolysis, facials, massages and more.
LEASEHOLD
An exceptional opportunity to acquire a well-established MOT centre and tyre specialist business in Yorkshire, known for its superior customer service and prime location.
This well-established commercial cleaning company, with over 36 years of history in the Cheshire region, boasts a robust reputation and a dedicated team catering to a loyal client base.
Looking for more businesses? Try our off-market tool.
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.