Agricultural Contract & Marketing Company Limited (03007999): administration
- Status
- Administration ended
- Administration began
- 2015-04-27
- Administrators
- Julian Pitts, Robert Alexander Henry Maxwell
- Administrators' firm
- Begbies Traynor
- Formerly
- Acmc Limited; Curtis Farms Limited
- Incorporated
- 1995-01-10
- Location
- Leeds
- Industry
- 01460 Raising of swine/pigs
Why it went into administration
- Loss of a key customer, supplier or contract
- Creditor pressure / legal action
From the administrators' statement
The Company was incorporated in 1995 having been set up by the former directors of National Pig Development Company Limited ("NPDC’), which was subsequently acquired by Daigety Plc
NPDC had been set up and owned by the Curtis family and the main beneficiary from the sale of NPDC was Stephen Curtis Mr Curtis used the money received from the sale of hts NPDC shares to introduce start up capital to the Company The mitial capital of £5 84m was used to develop new genetic lines during the five year exclusion period enforced by Dalgety Pic on the former directors of NPDC
Following five years of development, trading was scheduled to begin in 2000 The impact of foot and mouth disease tn the UK, pushed the start date back to 2002 The Company traded well and by 2007 had established strong overseas sales in China, Cambodia, Philippines, Thailand, Canada, Russia, Spain, Poland and Romania Dunng this period, Smithfield Foods Inc (USA based) purchased £584,602 shares from Stephen Curtis
Administrators' statement of proposals (2015-06-24) · Companies House register