Zest Aromatics Limited (04214361): administration
- Status
- Administration ended
- Administration began
- 2016-02-08
- Administrators
- Gareth David Rusling, Joanne Louise Hammond
- Administrators' firm
- Begbies Traynor
- Incorporated
- 2001-05-10
- Location
- Sheffield
- Industry
- 20530 Manufacture of essential oils
Why it went into administration
- Cash flow / liquidity pressure
From the administrators' statement
The Company was onginally set up in 2001 to purchase and sell essential oils, basic compounds and similar materials for the production of creams, potions and scents
Following the acquisition of a connected company, Potions and Possibilities Limited (“Potions”) in 2009, the Company set up a manufacturing base for the manufacture and development of new product ranges As part of this investment the Company purchased various equipment and recruited a cosmetic chemist to design, improve and extend the product range
In 2013, following the resignation of one of the Company’s directors, the Company initially postponed the development of certain products As a result, the Company held an oversupply of materials and had limited cash available due to the investment made in up front development costs
Administrators' statement of proposals (2016-04-03) · Companies House register