Manchester’s Pie & Ale company in administration with 33 job losses

pie and aleTHE company which owns of Pie & Ale and Bakerie restaurants on Lever Street in Manchester’s Northern Quarter has ceased trading with the loss of 33 jobs.

Rob Adamson and Mark Ronson of insolvency practitioner Armstrong Watson have been appointed as joint administrators for RWB Leisure.

The directors are listed at Company’s House as Alyson Margaret Dooley and David Geoffrey Cooke.  The company’s accounts showed a deficit of £163,037 in the balance sheet for the last accounts to 30 April, 2017.

Adamson said: “ Immediately prior to our appointment, but in conjunction with ourselves, the directors made the difficult decision that the company should cease trading due to its ongoing financial obligations.

“Regrettably this has resulted in the redundancy of all 33 employees.

“My staff met with the employees to advise them of the position. An employment specialist also attended the company’s premises to assist staff in preparing their claims to the Redundancy Payments Service.

“It is early in the administration process to comment on any likely payment to creditors which will depend on the realisable value of the company assets and the extent of its liabilities.

“The assets, consisting of both fully furnished leasehold premises, are to be marketed for sale by Sanderson Weatherall LLP.” @copy NewspaperTimes - All rights reserved