RE International Import-Export Limited (04968165): administration
- Status
- Administration ended
- Administration began
- 2022-12-16
- Administrators
- Geoffrey Lambert Carton-Kelly, Anthony John Wright
- Administrators' firm
- FRP Advisory
- Formerly
- Alliotta Global Import- Export Limited
- Incorporated
- 2003-11-18
- Location
- London
- Industry
- 82990 Other business support service activities n.e.c.
Why it went into administration
- Creditor pressure / legal action
From the administrators' statement
On 3 February 2022 Morouj Commodities UK Ltd, one of the Company’s suppliers, issued legal proceedings against the Company for the refusal of deliveries and cancellation of orders to one of the Company’s customers in early 2019. On 9 December 2022 Morouj obtained summary judgment against the Company in the sum of £696,473.94, plus costs, which was to be paid no later than 12 December 2022.
In August 2022 Importers Service Corporation, trading as ISC Gums, one of the Company’s customers based in the US, issued legal proceedings against the Company and other associated parties for a claim of lost profits. The Company refuted the claims and began to defend the proceedings. The Company believes it has a counter-claim (Counter-Claim”) against the US legal action. The quantum of the counter claim includes the sums owed to Morouj. In the event the counter claim is successful it may enable the Company to pay all of its creditors in full.
On 5 December ISC Europe Limited issued a statutory demand against the Company in the sum of £139,114.
Administrators' statement of proposals (2023-02-08) · Companies House register