Leon Restaurants Limited
Restaurant Chain · £65M turnover · Liquidation, February 2023 · Companies House #05018441
Naturally fast food chain with 70+ UK sites. Fulcrums elevated Leon to High Risk 25 months before liquidation, anchored by a CFO resignation, an unprecedented eight-director resignation in a single day, and deeply negative net assets.
Signals detected
The pattern, in order.
- 1
CFO resigned 25 months before failure
- 2
8 directors resigned on the SAME DAY (May 2021)
- 3
60 company change events the following day
- 4
OakNorth Bank ALL ASSETS charge
- 5
Net assets deeply negative at -£21.9M
- 6
Accounts filed 348 days late
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