PO Realisations 2023 Limited (03826282): administration
- Status
- Administration ended
- Administration began
- 2023-04-25
- Administrators
- Christopher Robert Pole, William James Wright
- Administrators' firm
- Interpath Advisory
- Formerly
- Planet Organic Limited; Civilpoint Limited
- Incorporated
- 1999-08-16
- Location
- London
- Industry
- 47210 Retail sale of fruit and vegetables in specialised stores
Why it went into administration
- COVID-19
- Sustained trading losses
- Weak consumer demand
- Rising costs / inflation
- Supply chain disruption
- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure
- Creditor pressure / legal action
From the administrators' statement
Planet Organic Limited (‘the Company’) was incorporated on 16 August 1999 and operated 14 retail stores throughout London and an e-commerce platform selling organic and health products. The Company operated under the brands ‘Planet Organic’ and ‘As Nature Intended’ being its sole subsidiary.
Prior to our appointment, the Company employed 329 members of staff employed across 14 retail stores and head office, which were located across London and the Southeast.
In 2018, Inverleith acquired the majority shareholding of the Company and the original founders exited the business. Following the transaction the Company had a very difficult trading period as it was significantly impacted by COVID-19 and the associated trading restrictions.
Administrators' statement of proposals (2023-05-24) · Companies House register