City centre bar and restaurant enters administration

Ricci’s at Leeds Limited, which traded as 53 Degrees North and Ricci’s Tapas and Cicchetti,  has entered administration.

The company was located in Goodbard House, a Grade Two listed building in the city’s financial district. The company has ceased trading with immediate effect and all employees have been made redundant.

Mike Kienlen and Mark Ranson, insolvency practitioners at Armstrong Watson LLP, have been appointed as Joint Administrators.

Lead administrator Kienlen said: “Following our appointment as Joint Administrators the difficult decision was made that the Company should cease trading immediately due to its ongoing financial obligations.  Regrettably this has resulted in the redundancy of all 27 employees.  I met with the employees as soon as possible following my appointment to advise them of the position.

“An employment specialist also attended the Company’s premises to assist staff in preparing their claims to the Redundancy Payments Service.  It is early in the Administration process to comment on the likely payment to creditors and will depend on the extent of the Company’s liabilities.

“The assets will be marketed for sale, including the fully furnished leasehold premises in Leeds, by Sanderson Weatherall LLP.”

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