Rectory Foods Limited (03002713): administration
- Status
- Administration ended
- Administration began
- 2012-12-05
- Administrators
- Kevin Gerald Murphy, Andrew Poxon
- Administrators' firm
- Leonard Curtis
- Formerly
- Aspen Foods Limited
- Incorporated
- 1994-12-19
- Location
- Manchester
- Industry
- 46320 Wholesale of meat and meat products
Why it went into administration
- Rising costs / inflation
- Credit insurance / supplier credit withdrawn
From the administrators' statement
The Company was incorporated on 19 December 1994 Mr Charles Woolley, Mr Nicholas Bowyer and Mr Can Scotheme have all been directors in the three years preceding our appointment | can advise that Mr Carl Scotheme resigned as a director of the Company on 16 November 2012
The Company supplied frozen meats (mainly poultry) from around the world including Argentina and the Far East The Company acted as a broker, sourcing the product and storing It at various sub-contracted cold stores in the UK pnor to sale and delivery The Company traded from leasehold premises at 2204 Floor, City Tower, Piccadilly Plaza, Manchester, M1 4BT and employed 24 staff
The Company was funded by way of an invoice finance agreement with GE Capital Commercial Finance Limited (“GE”), who hold security by way of a debenture created on 15 October 1998 Further funding was provided from NatWest Bank Plc (NatWest) by way of an overdraft facility of £500,000 and was secured by way of a debenture created on 3 June 2004 The Company also recently received further funding by way of a £250,000 foan from The North West Fund for Business Loans LLP ("NWF") who also hold security by way of a debenture created on 15 March 2012
Administrators' statement of proposals (2013-02-04) · Companies House register