Eghoyan's Pitta Bakery Limited (01239248): administration
- Status
- Administration ended
- Administration began
- 2022-03-22
- Administrators' firm
- FRP Advisory
- Formerly
- Eghoyan Bitta Bakery Limited
- Incorporated
- 1976-01-05
- Location
- London
- Industry
- 10710 Manufacture of bread; manufacture of fresh pastry goods and cakes
Why it went into administration
- Funding withdrawn / unable to refinance
- COVID-19
- Energy costs
- Supply chain disruption
- Creditor pressure / legal action
- Loss of a key customer, supplier or contract
- Sustained trading losses
- Parent or group failure
- Competition / price pressure
From the administrators' statement
SFL was incorporated on 6 February 1997, with trade commencing on the same date.
Since incorporation, the Group has grown by way of acquisition in addition to organic sales growth, now consisting of eight family-owned companies operating within the food services and hospitality sectors. The Group specialises specifically in the provision and distribution of a variety of breads and flatbreads and most recently acquired one of its key competitors, APB, in December 2014.
The Group’s operational trade, facilitated via synergies across APB, EPB, MSL, SFL, and HPB, were carried out at its registered address, a leasehold site located at Unit D, R D Park, Stephenson Close, Hoddesdon EN11 OBW. The Group’s remaining entities, being OFB, MPB and SPB were operationally dormant.
Administrators' statement of proposals (2022-05-18) · Companies House register