Howard Smith and David Costley-Wood from KPMG’s Restructuring practice were appointed Joint Administrators to Leelex Limited on 27 September 2018.
The company owned and operated Cielo Blanco, a restaurant specialising in Mexican cuisine based in Leeds Trinity shopping centre.
Following the appointment of the joint administrators, the restaurant ceased trading resulting in 16 redundancies.
Howard Smith, associate partner at KPMG and joint administrator, said: “Companies across the casual dining sector are currently facing well-documented challenges, including reduced consumer spend, rising input costs and stiffening competition, particularly in the mid-market space. Unfortunately, Cielo Blanco was no exception, and against this backdrop had recently experienced significant cash flow issues.”
The joint administrators are now marketing the assets of the business for sale, and would welcome any interested parties to contact Christopher Robinson on 0113 231 3211.
Katy Broomhead, Senior PR Manager
Tel: 0161 246 4623 / 07824 537963
KPMG Press Office: 020 7694 8773
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