The Big Prawn Co. Ltd. (03654959): administration
- Status
- Administration ended
- Administration began
- 2023-01-27
- Administrators
- Benjamin John Wiles, Philip Joseph Dakin
- Administrators' firm
- Kroll
- Incorporated
- 1998-10-23
- Location
- London
- Industry
- 10200 Processing and preserving of fish, crustaceans and molluscs
Why it went into administration
- COVID-19
- Supply chain disruption
- Cash flow / liquidity pressure
- Rising costs / inflation
- HMRC / tax arrears
- Parent or group failure
From the administrators' statement
• The Trading Company has been affected by a number of factors over recent years, which have culminated in the Trading Company’s inability to continue to pay its debts as and when they fall due.
• Following the UK’s decision to leave the EU, additional labour and import costs arose. Furthermore, the Covid-19 pandemic and subsequent global supply chain disruption and inflation impacted profitability in the following financial years, FY21, FY22 and FY23 YTD.
Appointment
Administrators' statement of proposals (2023-03-01) · Companies House register