P. & M. Butchers Limited (01672178): administration
- Status
- Administration ended
- Administration began
- 2018-04-25
- Incorporated
- 1982-10-15
- Location
- London
- Industry
- 46320 Wholesale of meat and meat products
Why it went into administration
- Creditor pressure / legal action
- Property / lease costs
- Regulatory change or action
From the administrators' statement
The key contributing factor to the downfall of the Company was the expansion project into the ready meals market and the entering into a lease for the St Neots Premises.
Itis understood that the expansion fed to a dispute with the landlord over the provision of equipment and the terms of the lease.
Mr A Baldock has advised that there was a dispute with the landlord of the St Neots Premises in relation to the machinery supplied which caused significant production delays and repair costs. This is presently being verified.
Administrators' statement of proposals (2018-06-18) · Companies House register