# Pasta Reale Limited (01963438)

> Why UK company 01963438 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/01963438

- **Status:** Administration ended
- **Administration began:** 2014-08-26
- **Administrators:** Christopher Kim Rayment, William Matthew Humphries Tait
- **Administrators' firm:** BDO
- **Incorporated:** 1985-11-22
- **Location:** Gatwick
- **Industry:** 10730 Manufacture of macaroni, noodles, couscous and similar farinaceous products

## Why it went into administration

- Funding withdrawn / unable to refinance
- Creditor pressure / legal action
- Competition / price pressure

## From the administrators' statement

The Company was incorporated on 22 November 1985 by the Lopalco family and operated as food manufacturers with specific focus on pasta based goods.

The Company’s main income in recent years has been generated from sales to major supermarkets

In late 2012 Ranworth Capital Limited (“Ranworth”) entered into an agreement to advance a secured loan to the Company and took an option to acquire a majority stake in the Company. In December 2012 Ranworth exercised this option Matthew Ferrey, a director of Ranworth joined the Company’s board as a non-executive director

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/01963438/filing-history/MzExMDE4MDA0MGFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/01963438

Contains public sector information from Companies House, licensed under the Open Government Licence v3.0.