Shine Food Machinery Limited (01443265): administration
- Status
- In administration
- Administration began
- 2024-04-29
- Administrators
- Huw Powell, Katrina Jane Orum
- Administrators' firm
- Begbies Traynor
- Formerly
- J. Shine Food Machinery Limited
- Incorporated
- 1979-08-10
- Location
- Cardiff
- Industry
- 25990 Manufacture of other fabricated metal products n.e.c.
Why it went into administration
- COVID-19
- Rising costs / inflation
- Funding withdrawn / unable to refinance
- Sustained trading losses
- Supply chain disruption
- Creditor pressure / legal action
- Bad debts / customer insolvency
- Loss-making contracts / project overruns
- Parent or group failure
From the administrators' statement
The Company was incorporated in 1979 to take over the established business of John Shine tfa Shine Food Machinery later known as Shine Catering Systems. At that time the business provided a sales and service offering to private individuals and local authorities in South Wales.
The Company grew rapidly and within 10 years was providing a one stop catering design, manufacture, supply and installation service. The Company had invested in its own bespoke fabrication facility at this point.
By the late 1980's the Company recognised that the Direct Service & Labour Agencies of the local authorities were due to be privatised and reacted by focusing on the relationship management and diversification of its offering to fully integrate with this emerging market. This helped to minimise the impact of this forced change.
Administrators' statement of proposals (2024-06-12) · Companies House register