Yellowhammer Bars subsidiary ‘nears administration’
Another subsidiary of Yellowhammer Bars, the bar and nightclub operator, has given notice of its intention to appoint administrators, M&C Report has learnt.
Patrick Ellward and Dilip Dattani of RSM Tenon are being lined up as administrators of Yellowhammer Trading Ltd. M&C understands the subsidiary doesn’t hold specific venues but is a trading entity for the group.
A notice to appoint administrators, filed on 16 January, says: “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.”
Yellowhammer’s Bliss in Taunton, Somerset, and two sites in Bournemouth, Dorset, are currently closed.
