# Nichol & Laidlow Limited (02920119)

> Why UK company 02920119 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/02920119

- **Status:** Administration ended
- **Administration began:** 2013-01-07
- **Administrators:** Anne Clare O'Keefe, Graham Michael Wild, Simon Wilson
- **Administrators' firm:** AlixPartners
- **Incorporated:** 1994-04-18
- **Location:** Manchester
- **Industry:** 46380 Wholesale of other food, including fish, crustaceans and molluscs

## Why it went into administration

- Creditor pressure / legal action
- Funding withdrawn / unable to refinance
- HMRC / tax arrears
- Over-expansion / investment not recovered

## From the administrators' statement

The Company was incorporated on 18 April 1994 and traded as a manufacturer of bread, pastries and cakes for a diverse range of customers.

The Company invested heavily in development projects during 2012; however, this investment did not translate into an increase 1n orders nor an expansion of the customer base. Further, following this investment the Company had a significant level of working capital invested in excess stock

In conjunction with the above, the Company experienced a reduction in existing customer orders together with increasing supplier pressure, To ensure continuation of trade, the Company entered inte repayment plans with key suppliers

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/02920119/filing-history/MzA3MjQ0MDM2OWFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/02920119

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