Yak and Yeti restaurant in Crystal Palace enters creditors' voluntary liquidation
Crystal Palace Restaurant Limited, trading as Yak and Yeti on Church Road, entered creditors' voluntary liquidation on 12 June 2026. Full notice and Companies House record.
Information for general guidance, drawn from the public record. Not legal, financial, or insolvency advice. If you are affected by an insolvency, consult a licensed practitioner or qualified solicitor.
A licensed restaurant trading as Yak and Yeti at 107 Church Road in Crystal Palace has entered creditors' voluntary liquidation, with Alex Martin-Sklan of Martin Sklan & Co appointed liquidator on 12 June 2026.
The legal entity behind the restaurant is Crystal Palace Restaurant Limited, incorporated on 24 October 2022 and registered at the same Church Road address in south-east London. Companies House records the business under SIC code 56101, the classification for licensed restaurants.
The liquidation
A creditors' voluntary liquidation, or CVL, is an insolvent winding-up resolved by the company's members at the directors' request, without a court order. It is the single largest stream of UK corporate insolvency by volume. The appointment here was made jointly by the company and its creditors, as is standard in a CVL.
Martin-Sklan practises from Martin Sklan & Co at 133 Golders Green Road, London NW11 8HJ. The office holder number cited in the London Gazette notice is 5815. Creditors or other interested parties can contact the firm by email at ms@martinsklan.co.uk or by telephone on 020 8458 4433; the named contact is Tanjina Mahbub.
The director
Devendra Prasad Kafle is the sole director of Crystal Palace Restaurant Limited. He was appointed on 24 October 2022, the date the company was incorporated, and no resignation has been recorded at Companies House. No other officers appear on the register.
Accounts and charges
The company's most recent accounts were made up to 31 October 2024 and filed as micro-entity accounts, the category available to the smallest companies. No secured charges are registered against the company at Companies House, meaning there are no secured creditors with a prior claim on any assets the liquidator may realise.
The liquidator's role is to realise whatever assets remain, adjudicate on proofs of debt submitted by creditors, and distribute any available funds in the statutory order of priority. Unsecured creditors rank after the costs of the liquidation itself.
The appointment was published in the London Gazette on 25 June 2026.
Common questions
Are you owed money by Crystal Palace Restaurant Limited?
In a creditors' voluntary liquidation you are an unsecured creditor unless you hold a registered charge or retention of title. The liquidators will write to known creditors with a proof-of-debt form. A statement of affairs prepared by the directors and the chair of the creditors' decision procedure should be available on request. Read more about proof of debt and where you sit in the creditor hierarchy.
Did you work at Crystal Palace Restaurant Limited?
In a CVL, employees are typically dismissed at or shortly after the liquidator's appointment. Wages owed up to a statutory cap, holiday pay, notice pay and redundancy may be claimable from the Redundancy Payments Service. The liquidators will normally provide RP1 case-reference numbers to the affected staff. See gov.uk: your rights if your employer is insolvent.
Do you hold a deposit, gift card or undelivered order from Crystal Palace Restaurant Limited?
Customers with paid-but-undelivered orders, gift cards or deposits rank as unsecured creditors in the liquidation. Where you paid by credit card and the amount was over £100, Section 75 of the Consumer Credit Act 1974 may let you claim from the card issuer for breach of contract or misrepresentation by the supplier; the rules apply per item, not per transaction, and the card must be a regulated credit card. Debit-card payments may be recoverable via chargeback.
Are you a director of a company connected to Crystal Palace Restaurant Limited?
Section 216 of the Insolvency Act 1986 applies the moment the company enters liquidation. If you intend to be involved in another company using the same or a similar name within five years, you must rely on one of the three statutory exceptions and file the relevant notice. Acting in breach is a criminal offence and exposes you to personal liability for the successor's debts.
Sources
- The London Gazette notice (code Appointment of Liquidators)
- Companies House record 14438678
- Editorial standards: how we source and review; five-pass pipeline.
