G.C.Produce(Bournemouth)Limited (00496110): administration
- Status
- Administration ended
- Administration began
- 2017-07-31
- Incorporated
- 1951-06-02
- Location
- Southampton
- Industry
- 46310 Wholesale of fruit and vegetables
Why it went into administration
- Sustained trading losses
From the administrators' statement
The Company was incorporated in 1951 and has since operated as fresh produce wholesaier in the conirol of the Morgan and Partington families.
The Company has three directors, Michael Morgan, Peter Partington and Andrew MacKenzie. Most recently management of the Company has been conducted by Mr Michael Morgan (now aged 88), the son of one of the founder shareholder/directors. The two other directors are not involved in the day to day operations. Mr Peter Partingtan, is understoad to be living in warden controlled retirement accommodation. Mr Mackenzie is understood to have left the Company in April 2017.
The administrators have limited information on the history of the Company other than it relied on banking facilities of Lloyds Bank pic and its debtor ledger was factored and charged to Lloyds Commercial Finance Limited.
Administrators' statement of proposals (2017-08-16) · Companies House register