# La Degustation Ltd (04543058)

> Why UK company 04543058 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/04543058

- **Status:** Administration ended
- **Administration began:** 2019-10-03
- **Administrators' firm:** Insolvency Practitioners of Hudson Weir
- **Incorporated:** 2002-09-24
- **Location:** London
- **Industry:** 47210 Retail sale of fruit and vegetables in specialised stores

## Why it went into administration

- Weak consumer demand
- Property / lease costs
- Sustained trading losses
- Brexit

## From the administrators' statement

3.1 Upon review of the Company’s financial position in 2018, the Director realised that the business environment was drastically changing. Several factors contributed to the Company’s financial struggles, including the fluctuating exchange rate of GBP to Euro, which had a dramatic adverse impact on the costs of French suppliers. Additionally, with the Brexit deadlines approaching, the confidence of customers had decreased, and it had a significant negative impact on consumer spending.

3.2 The Director took steps to turnaround the business, such as extra marketing and ensuring positive customer experience. In September 2018 the director made a personal loan to the Company of £25,000 and explored options to reduce overheads. Despite the loan and attempts to turn the business by early 2019 the business had become loss-making and could not continue meet monthly payments to suppliers or pay the quarterly rent.

3.3 The Director consulted Hudson Weir in August 2019 to discuss options for the Company. Initially, a creditors’ voluntary liquidation was considered the most appropriate process for the Company, as it had ceased trading and the employees were made redundant. Had the Company entered liquidation, there would have only been a sale of the assets.

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/04543058/filing-history/MzI1MTIxMTY4N2FkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/04543058

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