BRIAN Milne and Eileen Blackburn, partners in the business recovery and insolvency division of leading mid-tier accountancy firm French Duncan, have been appointed joint administrators of Sanstef Limited.
Says a spokesperson: “Sanstef traded as Paperinos @78, an Italian restaurant at 78 St Vincent Street, Glasgow. Sanstef directors are brothers Stefano and Sandro Giovanazzi, who opened Paperino’s@78 in 2009, coinciding with the 75th birthday of Walt Disney’s Donald Duck, from which the restaurant derived its name.”
Brian Milne said: “Our enquiries are at a preliminary stage; however, it’s clear that, despite the directors’ best efforts, the restaurant has struggled in recent months due to depressed market conditions and intense competition in the local area.”
Whilst Paperinos @78 has now closed, sister restaurant, Paperino’s West End, based in Byres Road, remains open for business and is unaffected by the administration.
ENDS
For further information please contact Brian Milne on tel 0141 221 2984
Issued on behalf of French Duncan by Liquorice Media tel 0141 561 4018 www.liquorice-media.com
Date: 17th July 2013.
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