# Dalbury Limited (05150631)

> Why UK company 05150631 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/05150631

- **Status:** Administration ended
- **Administration began:** 2019-04-10
- **Administrators' firm:** Deloitte
- **Incorporated:** 2004-06-10
- **Location:** Birmingham
- **Industry:** 01410 Raising of dairy cattle

## Why it went into administration

- Funding withdrawn / unable to refinance
- Sustained trading losses

## From the administrators' statement

The Company began experiencing a decline in trading performance in 2013 due to difficulties in the agricultural sector and lack of working capital in the business. It was apparent at this stage that the Company and JAL needed to sell assets to de-gear the position, reduce the level of borrowing and make debt serviceability more achievable.

Mr Laing also entered into a Joint Venture Agreement for the dairy business with a third party. The agreement has been terminated however the tenancy dispute needs to be resolved,

Steps taken to remedy/turnaround

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/05150631/filing-history/MzIzNjY5NTA2NWFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/05150631

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