# Fresh-Pak Limited (03727020)

> Why UK company 03727020 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/03727020

- **Status:** Administration ended
- **Administration began:** 2011-07-21
- **Administrators' firm:** FRP Advisory
- **Formerly:** Derby Broadside Limited
- **Incorporated:** 1999-03-05
- **Location:** Narborough
- **Industry:** 1533

## Why it went into administration

- Creditor pressure / legal action
- Cash flow / liquidity pressure
- HMRC / tax arrears
- Sustained trading losses
- Competition / price pressure

## From the administrators' statement

The Company was incorporated in March 1999; its business was to prepare and supply fresh produce to hospitality, local authorities and manufacturers.

The business traded successfully with the support from Bibby Factors Leicester Limited (“Bibby”), who provided a 90% factoring facility to the Company and held a qualifying fixed and floating charge over the Company's assets This was supported by the personal guarantee of Richard Hollingworth; one of the directors and shareholders of the Company.

In September 2010, Bibby introduced me to the Company as they had concerns regarding Its solvency. I carried out a brief review of the business and concluded that although the company was expenencing financial difficulttes it was viable; however tt would need to be monitored closely.

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/03727020/filing-history/MzA0MzM5OTIwMWFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/03727020

Contains public sector information from Companies House, licensed under the Open Government Licence v3.0.