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The Tandy in Sandbanks is understood to have closed at the beginning of January but has plans to reopen for Easter, according to its social media. However, it was open on Sunday morning. But RK Peninsula Ltd, the company name for The Tandy, fell into voluntary liquidation last month.
Liquidating a company is a formal process where the company's assets are sold to repay creditors and other liabilities. David Meany and Gary Thompson, liquidators at Quantuma, have listed 52 company creditors in a statement of affairs to Companies House. Sandbanks (Image: NQ) It includes Westbeach, in Bournemouth, which is owed £214,000 and Aruba, also in Bournemouth, which is owed £173,000.
Meanwhile, HMRC is listed as a creditor twice as being owed a combined £164,000 from VAT and PAYE and BCP Council is owed £2,938. Meat supplier County Foods, of Poole, is owed £1,291, fishmonger Hutchings, of Bournemouth, is owed £2,320 and Jurassic Coast Fine Foods, of Dorchester, is owed £2,615. In all, the 52 creditors are owed a combined £622,609 by The Tandy, the statement of affairs says.
Andrew Laurence Price, who is listed as RK Peninsula’s sole director, has been contacted for a comment. The Tandy sits next to Rick Stein, the popular seafood restaurant owned by the 78-year-old celebrity chef, and Caff. Mr Price, 64, and his wife Toni Laurel Spence opened the restaurant in early 2023 It is currently on a recruitment drive to find staff in time for an unspecified opening date this Easter.
The restaurant’s advert for jobs says: “We’re building a new team at one of the most beautiful beachside locations. “This is your chance to be part of an exciting new chapter with great opportunities in a stunning setting.” The Tandy isn’t the only restaurant on the Sandbanks peninsula to be liquidated of late; Lazyjacks in Panorama Road closed in November 2023.
Liquidator Marcus Daniel Tout of Hampshire-based insolvency practitioner Approved Recovery found it owed £351,197 to 29 creditors. Described as a ‘hidden gem’ of the peninsula, Lazyjacks was loved for its Caribbean themed venue, cocktails and pizza. It reopened as Lazy Jacks at the end of March 2024 with its new owner Merle Crampton and his business partner with a full refurbishment and rebranding.
A lazy jack is a type of rigging which is used on boats to raise the main sail..
