JHS Fishproducts Limited (05507258): administration
- Status
- Administration ended
- Administration began
- 2016-04-04
- Administrators' firm
- JPS Chartered Surveyors
- Incorporated
- 2005-07-13
- Location
- Manchester
- Industry
- 10200 Processing and preserving of fish, crustaceans and molluscs
Why it went into administration
- Supply chain disruption
- Funding withdrawn / unable to refinance
From the administrators' statement
The Company was incorporated on 13 July 2005 and was purchased as an off the shelf company on 27 July 2005 by Olafur Magnus Einarsson and Jon Thor Stefansson (“the Directors”)
After operating a fish drying and preserving business in Iceland, JHS Trading EHF (“JHS Trading”), the Directors saw an opportunity to set up a similar operation in the U K and after several months of setting the business up, began to trade on 1 December 2006, supplying dried fish products to Nigeria where its products are a seen as a delicacy
Initially the Company required funding and also resources from JHS Trading and entered into an agreement that allowed for the use of all resources from JHS Trading and for the senior management team to be pard by the Icelandic company.
Administrators' statement of proposals (2016-06-10) · Companies House register