Mereway Kitchens Limited (02028938): administration
- Status
- Administration ended
- Administration began
- 2023-08-18
- Administrators
- Lee Causer, Danny Dartnaill
- Administrators' firm
- BDO
- Formerly
- Mereway Limited; Mereway Developments Limited
- Incorporated
- 1986-06-17
- Location
- Liverpool
- Industry
- 16290 Manufacture of other products of wood; manufacture of articles of cork, straw and plaiting materials
Why it went into administration
- Creditor pressure / legal action
- Cash flow / liquidity pressure
- COVID-19
- Credit insurance / supplier credit withdrawn
- Funding withdrawn / unable to refinance
- Sustained trading losses
From the administrators' statement
Trading conditions for the Company have been challenging, which has caused a build-up of creditor pressure. Management attributes these losses to a downturn in sales volumes, increasing material and operating costs and also the effect of the Covid-19 pandemic.
£'000 2023 YTD 2022 2021 2020 2019 2018
Turnover | 5,911| 20,314] 18,881] 14,563| 19,450] 20,414]
Administrators' statement of proposals (2023-09-15) · Companies House register