Bluefields GRP Ltd (05179645): administration
- Status
- Administration ended
- Administration began
- 2017-12-07
- Administrators
- Geoffrey Paul Rowley, Anthony John Wright
- Administrators' firm
- FRP Advisory
- Formerly
- BEN Burgers Ltd
- Incorporated
- 2004-07-14
- Location
- London
- Industry
- 46320 Wholesale of meat and meat products
Why it went into administration
- HMRC / tax arrears
- Creditor pressure / legal action
- Loss of a key customer, supplier or contract
- Competition / price pressure
From the administrators' statement
The Company was incorporated on 14 July 2004 as Ben Burgers Ltd. It subsequently changed its name on 13 April 2011 to its current form. The Company specialised in the sale of butchered meat to restaurants, schools and nursing homes.
The Company’s business was operated from Unit 2 Courtyard V, Springhead Enterprise Park, Springhead Road, Northfleet, Gravesend, Kent, DA11 8HN.
To assist cash flow the Company utilised an invoice discounting facility provided by RBSIF who took an all asset debenture created on 9 June 2011 as security for amounts advanced. The director provided a personal guarantee to RBSIF as additional security capped at £35k. Additional finance was provided by NWB who took a fixed charge created on 1 August 2017.
Administrators' statement of proposals (2018-02-08) · Companies House register