Adelie Foods Limited (04272608): administration
- Status
- Administration ended
- Administration began
- 2020-05-26
- Administrators
- Richard Michael Hawes, Robert James Harding
- Administrators' firm
- Deloitte
- Formerly
- Buckingham Foods Limited; De Facto 951 Limited
- Incorporated
- 2001-08-17
- Location
- Birmingham
- Industry
- 10890 Manufacture of other food products n.e.c.
Why it went into administration
- Sustained trading losses
- Competition / price pressure
- COVID-19
- Weak consumer demand
- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure
From the administrators' statement
As previously noted, The Group had been EBITDA loss — making for some time. Given the ongoing trading losses, a sale process was conducted during the second half of
2019 (led by Houlihan Lokey) however this did not lead to |
a completed sale and accordingly the Group continued to trade in its existing form.
Administrators' statement of proposals (2020-08-05) · Companies House register