Monday, 15 February 2010

Firm behind Shimla Pinks' Manchester restaurant in administration

The parent company of Shimla Pinks in Manchester has been placed into administration.

The Indian restaurant on Dolefield, Crown Square, adjacent to Spinningfields, remains open while Birmingham-based administrators Irwin and Co “explore options” for the business.

The insolvency is thought to relate to delays in moving into the adjacent Spinningfields complex.

Administrator Gerald Irwin said the cost of moving had been higher than the directors first anticipated.

Shimla Pinks (Spinningfields) Ltd, registered in Coventry, was placed into administration on February 8. Another company called Shimla Pinks (Leftbank) Ltd, incorporated last June remains solvent.

Source: CrainsManchester

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