Fuwah Limited (04456255): administration
- Status
- Administration ended
- Administration began
- 2013-06-20
- Incorporated
- 2002-06-07
- Location
- London
- Industry
- 46320 Wholesale of meat and meat products
Why it went into administration
- Bad debts / customer insolvency
- Rising costs / inflation
- Sustained trading losses
- Competition / price pressure
From the administrators' statement
The Company was incorporated on 1 June 2002 as a wholesale distributor of frozen seafood and meats. It was funded with shareholder loans together with an overdraft facility with the Bank
The Company traded from Unit 6, Cromwell Business Centre, 10 River Road, Barking, Essex, IG11 ODG and focused solely on the redistribution of seafood to mainly Chinese restaurants and takeaways within the M25 area and parts of Portsmouth and Kent. The Unit was owned by a family business
Sales varied in volume depending on the size and turnover of the md:vidual client, however, sales decreased due to the economic climate reducing the demand from clients In addition to this, a number of bad debts were incurred due to a number of clients entering a form of insolvency procedure.
Administrators' statement of proposals (2013-08-07) · Companies House register