H Greaves & SON (Meat Products) Limited (02128332): administration
- Status
- Administration ended
- Administration began
- 2023-05-09
- Administrators' firm
- Fairhursts DSG Accountants
- Incorporated
- 1987-05-06
- Location
- Altrincham
- Industry
- 82990 Other business support service activities n.e.c.
Why it went into administration
- COVID-19
- Bad debts / customer insolvency
- Rising costs / inflation
- Energy costs
- Cash flow / liquidity pressure
- Sustained trading losses
From the administrators' statement
The Company had traded profitably for many years and had been able to expand over time as the level of business increased. The Company had an excellent reputation in the industry and had built up a large customer base. Unfortunately, however, the Company began to - experience difficulties as a direct result of the Covid-19 pandemic. The business remained open during the pandemic to service many hospitals, canteens and nursing homes. This was done mainly via commission-based buying groups. However, a large proportion of the Company’s other customers, particularly in the hospitality industry, closed during the
pandemic. A significant reduction in sales and profit margins was experienced during this
time. _
Administrators' statement of proposals (2023-06-08) · Companies House register