Tue, 14 Apr 2020 | ADMINISTRATION
Dorset-based event catering company Beales Gourmet has gone into administration as a “direct result” of the UK’s coronavirus lockdown.
The company, which largely hosted weddings, corporate events and private functions, has appointed Quantuma to act as administrator.
Prior to the coronavirus lockdown, the company had 250 events booked as it was set to enter what is normally the busiest time of the year. Last week its founder, Tony Beales, said that events worth £200,000 had been postponed or cancelled and that he was exploring launching a delivery service.
Aside from directors Tony and Molly Beales, the company employs 14 permanent staff, who have now been furloughed, and 6 regular casual staff.
Quantuma’s David Meany said: “We are exploring the possibility of securing buyers for the internal and external event sections of the business in an effort to maximise the return for clients and creditors, secure employment and potentially provide continuity for some of the clients who have weddings and other events booked."
The company’s most recent accounts are to the year ending March 31 2019, they show Beales Gourmet holding net assets of close to £350,000. Its tangible fixed assets at the time included plant and machinery worth close to £300,000.
View the latest distressed UK businesses here.
Discover a charming village pub restaurant nestled in the picturesque landscapes of Oxfordshire, offering a unique opportunity to own an establishment rich in character and appeal.
LEASEHOLD
Discover a thriving community pub in a bustling residential suburb of Warwickshire, ideal for those looking to make a mark in the hospitality industry.
LEASEHOLD
Charming riverside pub restaurant in a popular hamlet, perfectly situated near leisure attractions, camping, caravan parks, and waterside activities in Nottinghamshire.
11
|
Jul
|
Holiday letting agency acquires Cornish self-catering holiday specialist | BUSINESS SALE
Travel Chapter, a leading UK holiday letting agency, has ann...
11
|
Jul
|
Power services firm set to be acquired by US energy resilience group | BUSINESS SALE
The Wilmott Group Limited, a power services group with opera...
11
|
Jul
|
Dunfermline vehicle manufacturing services firm enters administration | ADMINISTRATION
A specialist manufacturing business based in Dunfermline has...
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources
We can help you capitalise on insolvent businesses. We list UK businesses in administration, liquidation and with winding up petitions daily. Ensuring our members never miss out on an opportunity
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.