Silverstar Foods Limited (04486796): administration
- Status
- Administration ended
- Administration began
- 2016-07-26
- Administrators
- William James Wright, Mark Jeremy Orton
- Administrators' firm
- KPMG
- Incorporated
- 2002-07-16
- Location
- London
- Industry
- 46390 Non-specialised wholesale of food, beverages and tobacco
Why it went into administration
- Cash flow / liquidity pressure
- Sustained trading losses
- Competition / price pressure
From the administrators' statement
Silverstar Foods Limited (the Company’) was incorporated in 2002 and traded as Turners Fine Foods It was a food wholesaler and distributor based in Goudhurst, Kent The Company distributed fresh and ambient food to restaurant and hotel customers daily from its depots in Kent (and Lancashire & Dorset until recently) using its fleet of leased vans The Company employed 484 staff across its sites
The Company made an acquisition in 2015 to acquire the trade and assets of Coastline Produce Limited to expand their geographical reach and customer base
2.2 Funding and financial position of the Company
Administrators' statement of proposals (2016-09-29) · Companies House register