Plas Farm Limited (03003697): administration and why it failed

Plas Farm Limited (03003697): administration

Status: Administration ended
Administration began: 2023-09-26
Administrators: Lee Van Lockwood, Christopher Ratten
Administrators' firm: RSM
Incorporated: 1994-12-20
Location: Manchester
Industry: 10890 Manufacture of other food products n.e.c.

Why it went into administration

Sustained trading losses
COVID-19
Rising costs / inflation
Cash flow / liquidity pressure
Property / lease costs
Rising interest rates
Brexit
Weather / natural events

From the administrators' statement

Relevant extracts from the Company’s financial statements and management accounts are summarised below.

£'000

Actual Actual Actual Actual —

Administrators' statement of proposals (2023-11-20) · Companies House register

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Balance sheet: assets, liabilities, working capital and net assets
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Plas Farm Limited (03003697): administration

Why it went into administration

From the administrators' statement

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Plas Farm Limited (03003697)