# Connoisseur Estates Limited (04385570)

> Why UK company 04385570 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/04385570

- **Status:** Administration ended
- **Administration began:** 2020-01-16
- **Administrators:** Richard Patrick Brewer, Matthew Richard Meadley Wild
- **Administrators' firm:** RSM
- **Incorporated:** 2002-03-01
- **Location:** Chandlers Ford
- **Industry:** 46342 Wholesale of wine, beer, spirits and other alcoholic beverages

## Why it went into administration

- Creditor pressure / legal action
- Cash flow / liquidity pressure

## From the administrators' statement

The Company was incorporated in 2002 and had an established reputation in the sector as a wine importer, wholesaler and agent. It traded from a leasehold property at Forest Road, Wokingham, Berkshire, RG40 5SE, employing 4 members of staff.

Financial difficulty arose as the Company began to experience cash flow difficulties and creditor pressure arising from an under capitalised move from high volume/low margin business to lower volume/shigher margin.

The Company's main creditor, Botter SPA, is owed £737,643 and issued a statutory demand on 21 November 2019 which had precipitated the filing of the first Notice of intention to appoint administrators.

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/04385570/filing-history/MzI1OTgxMzU0NmFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/04385570

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