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Fri 20th Feb 2015 - Angela Malik begins liquidation process |
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Angela Malik begins liquidation process after site failures: Angela Malik has closed her two Modern Asian Deli sites in Acton and Ealing, West London, blaming cash challenges. Insolvency practitioners have been brought in, and a liquidation process has now started. The site in Ealing has been closed for a number of weeks with customers told the site was undergoing improvements to its kitchen facilities. The venue opened in April last year, three years after the opening of the first Modern Asian Deli in Acton. In a statement, Malik said: “It is with great sadness I announce the closure of Angela Malik Limited. This includes the two West London sites, which, despite our best endeavours, we were unable to continue trading due to cash challenges. In the end, a lower than expected footfall at the new site dealt the final blow. We have appointed insolvency practitioners to place the company into liquidation. It has been a great privilege to build a business around my passion and letting go of my school in Acton is particularly hard as this is where I started out. The good news is that outstanding Angela Malik gift vouchers and cookery courses will have the opportunity to be honoured as I have secured teaching space at the prestigious Leith’s School of Food and Wine at their brand new kitchens in Portobello. I'd like to thank all our customers, students and collaborators who have supported and encouraged me on this journey, it has been the most incredible learning experience and I look forward to continue sharing my Modern Asian philosophy with all of you in the future.” Malik’s Modern Asian Deli served British-Asian salads, curries, pastries and desserts, and had a "lassi bar", a selection of Indian-inspired smoothies and shakes. There were also gluten and dairy-free options and diners could eat in or choose to take their food away. Earlier this month, Malik ended a crowdfunding push on Crowdcube to raise £350,000 to expand her Modern Asian Deli concept in return for 18.9% of the equity having raised only £2,000 from eight investors, 1% of her target. Funds of £350,000 to £500,000 were sought to support the opening of the next location(s), recruit a chief operating officer and provide working capital for the business. The total investment in the business was £832,000 to date.
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