UK Salads Limited (05160588): administration
- Status
- Administration ended
- Administration began
- 2024-02-28
- Administrators' firm
- FRP Advisory
- Incorporated
- 2004-06-23
- Location
- Brentwood
- Industry
- 46310 Wholesale of fruit and vegetables
Why it went into administration
- Funding withdrawn / unable to refinance
- Loss of a key customer, supplier or contract
- Rising costs / inflation
- Bad debts / customer insolvency
- Competition / price pressure
From the administrators' statement
UK Salads Limited was incorporated on 23 June 2004 and was acquired by Aquila Food Group Holding Company Limited on 26 March 2021.
The company operated as a food group, growing various vegetables and purchasing produce overseas to gap fill orders in the marketplace throughout the year. All produce was grown in the UK at nurseries within the Roydon and Nazeing areas of Essex.
When first acquired, the Company’s main client, a leading UK supermarket, was responsible for 95% of the Company’s turnover. The Company didn’t want to be so heavily reliant on one customer and so additional contracts with other big named companies were sought and obtained.
Administrators' statement of proposals (2024-04-30) · Companies House register