The company operates from premises in Lanark as a licensed restaurant. The liquidator has negotiated terms to transfer trade to the landlord with the safeguarding of 30 employee jobs.

The company was caught with the covid impact and increased operational costs leading to arrears in HMRC liabilities which amounted to over £300,000 including penalties and interest. This resulted in the petition for liquidation.

In addition to securing funds from the transfer of trade the liquidator is hopeful of recovering additional funds following her initial investigation of certain transactions. It is expected there will be a good return to creditors.

The liquidator will be contacting various stakeholders for information to assist in her enquiries and to determine the value of recoveries that can be made for the benefit of the creditors.