Overview

• The statement of affairs lists liabilities of £498,764.51 against estimated assets of £8,722.49 for preferential creditors.
• Employee claims total about £28,000 for arrears, holiday and redundancy, with roughly £8,000 earmarked for staff arrears and holiday pay.
• Unsecured claims include £11,125.32 to the landlord, £6,911.83 to HMRC for PAYE/NIC, £31,167 in bank loans and £1,272 to Manchester council.
• Directors’ loan accounts of £411,941.34 are recorded as unsecured, reflecting funds the co-owners Jennie McAlpine and Chris Farr injected into the business.
• The Manchester gastropub, operated by Fifth Floor Limited, closed in July after 13 years of trading and had about 36 creditors listed.