Euro Farm Foods Limited (01408776): administration
- Status
- Administration ended
- Administration began
- 2021-10-18
- Formerly
- Ferretti Meat and Poultry Wholesale Limited
- Incorporated
- 1979-01-12
- Location
- London
- Industry
- 46320 Wholesale of meat and meat products
From the administrators' statement
Stuart Ferretti is a creditor of the company, who became a director and inherited his fathers 50% shareholding in the company following the death of his father, Bruno Ferretti, on 20 December 2020. After his appointment as director, Mr S Ferretti began looking into the company’s affairs and noticed that the company’s bank accounts, and turnover had been decreasing. After further investigations by Mr S Ferretti, and upon visiting the property on 10 July 2021, it transpired that the shop had been closed. The property was kept in a very poor state, with an active leak from the property above and clear evidence of rat droppings.
Mr S Ferretti sought the advice of the company’s accountants, Carter Backer Winter LLP (“CBW”) regarding his options as a creditor of the company, and instructed Blake Turner LLP to assist with the recovery of the sums owed to him as a creditor of the Company. Correspondence was then entered into between Mr S Ferretti’s lawyers and the other director regarding the company’s business and the debt owed to him. However, with no business in operation at the premises and no repayment of the outstanding debt forthcoming, a final demand for payment was sent to the company on 3 September 2021. Through his advisors, Mr S Ferretti contacted Henry Page of Mercer & Hole with a view to taking the appointment
as administrators of the company should the demand not be met.
Administrators' statement of proposals (2021-11-24) · Companies House register