Simplea Food Products Limited (04717943): administration
- Status
- Administration ended
- Administration began
- 2016-09-22
- Administrators
- Paul Andrew Flint, Paul Nicholas Dumbell, David James Costley-Wood
- Administrators' firm
- KPMG
- Incorporated
- 2003-04-01
- Location
- Manchester
- Industry
- 10390 Other processing and preserving of fruit and vegetables
Why it went into administration
- Funding withdrawn / unable to refinance
- Property / lease costs
- Competition / price pressure
- Cash flow / liquidity pressure
- Loss of a key customer, supplier or contract
- Sustained trading losses
- Parent or group failure
From the administrators' statement
The Company was incorporated on 1 April 2003 and occupies Unit 1 of a three acre site comprising three units in Widnes, Cheshire, which ts owned by its parent company, Key Food Ingredients Ltd — in Administration
The primary activity of the Company Is the production of artisanal ranges of bespoke sauces/condiments, importing raw ingredients such as garlic, ginger and chilli and processing them for sate to the foodservice and retail markets The Company and Key Food operated from the same premises with shared central functions
The Company has two Directors Philip John Nash (Commercial Director and shareholder) and John Stuart McNaughton (Operations Director) and employed 24 staff as at the date of appointment
Administrators' statement of proposals (2016-11-25) · Companies House register