Caterway (UK) Limited (00332124): administration
- Status
- Administration ended
- Administration began
- 2015-03-20
- Administrators' firm
- FRP Advisory
- Formerly
- Suntex Catering Products Limited
- Incorporated
- 1937-10-01
- Location
- Leicester
- Industry
- 46900 Non-specialised wholesale trade
Why it went into administration
- Creditor pressure / legal action
- Competition / price pressure
- Sustained trading losses
- Credit insurance / supplier credit withdrawn
From the administrators' statement
The Company operated as a supplier of fish and chip shop and fast food consumables from freehald premises at Fulwood Road South, Huthwaite, Nottinghamshire, NG17 2JZ (‘the Property”) More recently it also supplied selected janitorial products
The Company employed 22 permanent staff including the Director, Robert Atkinson. The shareholding Company ts Suntex Holdings Limited, who hold 5,500 preference and 11,250 ordinary shares.
Over the last 18-24 months the Company has faced cash-flow difficulties due to significant market pressure and increasing competition This in turn resulted in a decline in sales and creditor pressure from a number of key suppliers. A number of the Company’s suppliers had placed the Company on a pro-forma basis which impacted the Company’s cash flow further. The Company was struggling to
Administrators' statement of proposals (2015-05-27) · Companies House register