MOORFIELDS SEEK PURCHASERS FOR CHINESE TAKEAWAY CHAIN HOTCHA
Simon Thomas and Arron Kendall, Partners of Moorfields Advisory Limited, were appointed Joint Administrators of Hotcha Limited and Hotcha Group Limited on 18th October 2017.
Hotcha operated a Chinese takeaway chain which was incepted and predominantly based in the South West but which was pursuing a national growth strategy. The chain has a head office in Bristol which acts as a warehouse, central kitchen and group administration function and is capable of supporting up to 75 outlets.
Moorfields is seeking a purchaser for all or some of the Company’s assets, which consist of a portfolio of leasehold properties, commercial catering and office equipment and intellectual property, including website domain names and the “Hotcha” registered trademark.
Simon Thomas, Joint Administrator, stated: “Notwithstanding Hotcha’s failure, the infrastructure that has been developed and is available for acquisition presents a unique opportunity for either a new or an established restaurant or takeaway business to develop its growth ambitions”.
Interested parties seeking further information in respect of either the leasehold property or chattel assets, or to arrange viewings, should contact our respective agents as follows:
James A Baker, Chartered Surveyors
London: First Floor, 6 Cranbourn Street, London, WC2H 7AD
Bath: The Bank, 18 Newbridge Road, Bath, BA1 3JX
London: 020 7557 7844 Bath: 01225 789343
Ian Bacon MRICS
Valuation Services Europe
Suite 108, Cheltenham House, 14-16 Temple Street, Birmingham, B2 5BG
Direct: (44) 0121 285 8231
Fax: (44) 0121 210 0280 Mobile: (44) 07787 298755
Moorfields is one of the UK's leading independent firms of restructuring and insolvency specialists. Our highly skilled teams include restructuring professionals and licensed insolvency practitioners who provide leadership, experience and high quality advice to companies and their stakeholders in financially distressed situations.View all Our News