Eat Your Heart Out collapses with debts of £700k
Eat Your Heart Out (EYHO), the Reading-based multiple pub operator, has gone into liquidation with debts of more than £700,000.
The company, which ran four leased pubs in the Home Counties, collapsed after a downturn in trade combined with "untenable rents", according to former EYHO director and pub entrepreneur Tony Carson.
Liquidators Augusta Kent said it was unable to comment on the situation but said in a statement: "EYHO is in the early stages of the liquidation process. Therefore our investigations into the reasons behind the company's failure are not complete."
According to documents lodged at Companies House, EYHO collapsed owing creditors £732,573.05.
Among the group's creditors are Enterprise Inns (owed £99,273.82); Greene King Brewing & Retailing (£10,996.15); food group Brake Bros (£14,985.47); EPOS supplier Alphameric Solutions (£33,067.29) and HM Revenue & Customs (£135,817.14).
Employees of the gorup are owed £44,244.
Carson, who retired as a director of EYHO last December and now lives in Spain, told thepublican.com he had also lost a significant amount of money in the collapse of the business.
