Recovery and Insolvency Services

Aberbrothock Bar Company Ltd (SC282246)

The director's Statement of Affairs can be downloaded via the link.

This is the 2010 liquidation of an Arbroath business that operated two pubs - the Central Bar and the Newgate Inn. The Central Bar was sold. The Newgate Inn was repossessed and dealt with by the secured credtor.  Trading losses were incurred whilst attempts were made to realise the properties.  A wrongful trading action was brought against the director. You can read the judgement here. Whilst the litigation was successful an appeal is currently delaying the enforcement of the judgement. It seems likely that the recoveries will be required to settle legal fees and to go towards the losses. It is unlikely that there wil be a dividend to creditors.

The most recent Accounts can be downloaded here