Wellpak (UK) Limited (03124635): administration
- Status
- Administration ended
- Administration began
- 2023-03-08
- Administrators
- Mark Granville Firmin, Michael Thomas Denny
- Administrators' firm
- Alvarez & Marsal
- Incorporated
- 1995-11-10
- Location
- Brighton
- Industry
- 47210 Retail sale of fruit and vegetables in specialised stores
Why it went into administration
- Rising costs / inflation
- Supply chain disruption
- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure
- Sustained trading losses
- Weather / natural events
- Parent or group failure
- Competition / price pressure
From the administrators' statement
The Company was incorporated on 10 November 1995 and is indirectly owned by Alomora Group Limited — In Administration (“Alomora”), a UK holding company. Alomora has three main trading subsidiaries: the Company, Ackio (UK) Limited — In Administration (“Ackio”) and Alomora UK Limited (‘Alomora UK”) (together the “Group”).
The Company supplied fresh produce to retail and associated sectors. The Company operated from one leasehold site in the West Midlands and employed 8 people in the UK at the date of the appointment.
Funding and financial position of the Company
Administrators' statement of proposals (2023-05-12) · Companies House register