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.
This is an exciting opportunity to acquire a well-established restaurant chain with a loyal customer base in the South-West of England, featuring unique branded menus and seven prime locations.
This licensed steakhouse in Surrey boasts a prime main road location near a train station in a vibrant area with suburban London charm.
LEASEHOLD
This exceptional seafront licensed restaurant is in a rare, high-profile location on the South Dorset coast, offering stunning sea views and easy access to a busy tourist area.
LEASEHOLD
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.