OEL Assets Limited (04387131): administration
- Status
- Administration ended
- Administration began
- 2012-04-10
- Formerly
- Oetzmann and English Limited; Oetzmann & Company Limited
- Incorporated
- 2002-03-05
- Location
- Norwich
- Industry
- 1513
Why it went into administration
- Creditor pressure / legal action
- Sustained trading losses
- Cash flow / liquidity pressure
- HMRC / tax arrears
From the administrators' statement
The Company was incorporated in 2002 from the director's sole trader business which had traded for just over a year
The Company produced bakery products focussing mainly on bread and pork pies, trading from two units on an industrial estate in Dereham In 2005 the Company purchased The Metfield Bakery out of Administration to expand the business further
The Company traded profitably, selling products to delis, restaurants, pubs and food halls as a premium brand This continued untit 2008 when the Company faced a decline in sales This, accompanied by an increase in overhead costs, caused the Company’s finances to suffer due
Administrators' statement of proposals (2012-04-27) · Companies House register