Dearne Valley Foods Limited (02536587): administration
- Status
- Administration ended
- Administration began
- 2017-07-19
- Administrators
- Sean Williams, Philip Deyes
- Administrators' firm
- Leonard Curtis
- Incorporated
- 1990-09-04
- Location
- Leeds
- Industry
- 10130 Production of meat and poultry meat products
Why it went into administration
- Loss of a key customer, supplier or contract
- HMRC / tax arrears
- Sustained trading losses
- Rising costs / inflation
- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure
- Credit insurance / supplier credit withdrawn
From the administrators' statement
The Company was incorporated on 4 September 1990 and commenced to trade thereafter. The current directors are Michael Shanahan and Peter Kosnik.
The Company latterly traded from various leasehold premises at Lidget Lane Industrial Estate, Albion Drive, Thumscoe, Rotherham, S63 OBA. Prior to our appointment, the Company employed 85 staff all of whom were made redundant on 19 July 2017.
The Company was financed by DVF who hold security by way of a chattels mortgage dated 29 July 2015, legal charges dates 28 October 2014 and 17 October 2014 and a debenture dated 17 October 2014. As at our appointment, a sum of c£1.5m remained due to DVF.
Administrators' statement of proposals (2017-09-19) · Companies House register