# N S Foods Limited (04037081)

> Why UK company 04037081 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/04037081

- **Status:** Administration ended
- **Administration began:** 2013-09-13
- **Formerly:** Ableaction Limited
- **Incorporated:** 2000-07-19
- **Location:** Exeter
- **Industry:** 82990 Other business support service activities n.e.c.

## Why it went into administration

- Bad debts / customer insolvency
- Cash flow / liquidity pressure

## From the administrators' statement

21 The Company was a wholesale supplier of frozen and dry goods to oriental restaurants and takeaways It had a customer base of approximately 250 throughout the South West of England and operates from Units 4 & 5 Old English Estate, Princetown Road, Dousland, Yelverton, Devon PL20 6NJ

22 The Company had been hit by a number of bad debts This together with a squeeze on margins (approximately 12% gross margin) had all impacted on the Company’s financial position The directors had injected further capital into the business, however, this was not

sufficient for the company to return to solvency

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/04037081/filing-history/MzA4ODA1MTQxMWFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/04037081

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