A Gomez Limited (02446884): administration
- Status
- Administration ended
- Administration began
- 2023-12-11
- Administrators' firm
- RSM
- Formerly
- A Gomez & Co (Distribution Services) Limited
- Incorporated
- 1989-11-27
- Location
- Eastleigh
- Industry
- 46310 Wholesale of fruit and vegetables
Why it went into administration
- Competition / price pressure
From the administrators' statement
The Company operated as a packer of salads and other food products for supermarkets. The business was founded in 1989. It operated from purpose built storage and distribution premises based in Coldharbour Lane, Bridge, Canterbury CT4 5HL.
In the year ended 30 September 2022 (‘FY22’) the Company incurred a net loss of £0.4m followed by a net loss of £2.7m in the year ended 30 September 2023 (‘FY23’) (management accounts).
These losses resulted from the business operating at significantly below capacity, with an annual sales forecast of £85m for FY24 compared to a historic peak of £200m. The business had also suffered in recent years due to the additional costs of trading with multiple supermarket customers whereas it had historically traded almost exclusively with Tesco. The Company also incurred high debt service costs on the debt it had incurred in building its premises and the costs of supporting the Jolly Tom Limited joint venture (‘Jolly Tom’ or the ‘JV’) discussed below.
Administrators' statement of proposals (2024-02-06) · Companies House register