Braeforge Limited (03437953): administration
- Status
- Administration ended
- Administration began
- 2023-02-16
- Administrators
- Michael Stephen Elliot Solomons, Milan Vuceljic
- Administrators' firm
- Moorfields
- Formerly
- Milkhills Limited; Gentgreen Limited
- Incorporated
- 1997-09-22
- Location
- London
- Industry
- 46330 Wholesale of dairy products, eggs and edible oils and fats
Why it went into administration
- Loss of a key customer, supplier or contract
- COVID-19
- Rising costs / inflation
- Cash flow / liquidity pressure
From the administrators' statement
Background to the Company
The Company, trading as Pensworth, was founded in 1975 and was incorporated on 22 September 1997 as a foodservice supplier, operating in the dairy industry and subsequently grew into one of the UK’s leading national dairy suppliers. The Company delivered to thousands of business customers and, at its height, operated from 12 depots throughout the UK and employed 300 staff.
The directors advised that the Company had become insolvent due to the following factors:
Administrators' statement of proposals (2023-04-08) · Companies House register