Mash Purveyors Ltd. (04010325): administration
- Status
- Administration ended
- Administration began
- 2020-04-28
- Administrators
- Benjamin John Wiles, Allan Watson Graham
- Administrators' firm
- Kroll
- Incorporated
- 2000-06-08
- Location
- London
- Industry
- 47210 Retail sale of fruit and vegetables in specialised stores
Why it went into administration
- Funding withdrawn / unable to refinance
- COVID-19
- HMRC / tax arrears
- Sustained trading losses
From the administrators' statement
Following reduced sales and resulting tosses in 2019, the Company obtained a cash injection from its majority shareholder, Oxshott Investments in December 2019.
Due to the COVID-19 outbreak, revenue rapidly declined in the period to March 2020 which caused a significant deterioration in the Company s cashflow. In March 2020, the Company tock steps to reduce costs and agree payment terms with creditors including the Landlord and HMRC as well as seeking additional funding from Oxshott Investments and approaching its working capital funder, ABN Amro, about a potential restructure of its facilities.
However, the Company was unable to agree terms with Oxshott investments to provide additional funding.
Administrators' statement of proposals (2020-05-19) · Companies House register