SWF Realisations Limited (01295299): administration
- Status
- Administration ended
- Administration began
- 2021-11-25
- Administrators
- Benjamin John Wiles, Geoffrey Wayne Bouchier
- Administrators' firm
- Kroll
- Formerly
- Seewoo Foods Limited; S W Trading Ltd; SEE WOO Supermarket Limited
- Incorporated
- 1977-01-24
- Location
- London
- Industry
- 46390 Non-specialised wholesale of food, beverages and tobacco
Why it went into administration
- Supply chain disruption
- HMRC / tax arrears
- COVID-19
- Cash flow / liquidity pressure
From the administrators' statement
• The unprecedented lock-down from March 2020 due to the COVID-19 global pandemic forced businesses in the hospitality sector to close which significantly reduced the Group’s revenue from
its wholesale customers. JILL . KRv
• Further, with events such as Suez Canal obstruction in March 2021 and more recently UK-wide driver shortages causing pressure on the global supply chain, Foods and Glasgow have experienced increasing freight and commodity costs which has further compounded the existing working capital deficiencies.
Administrators' statement of proposals (2022-01-04) · Companies House register