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Nelson's Diner debt revealed


New documents have revealed that Nelson's Diner Newbury Ltd had debts of more than £280,000.


Among those highlighted as a trade creditor on the Companies House documents, which means a supplier who has sent a business goods, or supplied it with services, who haven't yet been paid is West Berkshire Council.

The amount that goes on a business's balance sheet for trade creditors is the sum of all its unpaid invoices from suppliers, as at that point in time.

West Berkshire Council is listed as having not been paid over £31,000. 

Earlier this summer, Nelson's closed suddenly blaming a water leak. 

A number of companies located locally are also listed. Among them are Newbury Bid, My Social Crowd, Atlas Fire Protection in Aldermaston and Celador Radio in Basingstoke.

Other notable amounts of debt, include Barclays in Basingstoke at £50,000 who are listed as a secured creditor. A secured creditor is generally a bank or other asset-based lender that holds a fixed or floating charge over a business asset or assets. When a business becomes insolvent, sale of the specific asset over which security is held provides repayment for this category of creditor.


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