Vox Restaurants Ltd put into Administration – UHY Hacker Young appointed as Joint Administrators

Publications that covered this story include: The Times, The Financial Times and City AM, all 24 June 2015.

Vox Restaurants Limited trading as Criterion Restaurant

We advise that the Company was placed into Administration on 18 June 2015 with Peter Kubik and Andrew Andronikou of UHY Hacker Young appointed as Joint Administrators.

Following a recent rent assessment the rent for the property has increased from £525,000 to £850,000 pa (which represents a 60% increase). Due to a demand being made by the landlord for rent arrears created by the assessment in the sum of £517,000 the Directors sought financial advice from Peter Kubik of UHY, London office.  Up until now the Company has traded successfully. It was decided that Administration was the most viable option as it allows the business to continue to trade as normal whilst the administrators market the business for sale.

The business originally opened in 1874 and is located in the heart of Piccadilly Circus. It serves a modern European menu.

Should you have any queries please contact:

Peter Kubik
Joint Administrator
e: p.kubik@uhy-uk.com