Hotcha Enters Administration Under a Cloud
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 predominantly based in the South West was said to be 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.
Joint Administrator Simon Thomas 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”.
The news comes following a raid on several addresses linked with the company by HMRC officers, as reported by the Bristol Post. To learn more, read here.
