Valley Produce Limited (05593029): administration
- Status
- Administration ended
- Administration began
- 2021-12-14
- Administrators
- James Hawksworth, Phillip Rodney Sykes
- Administrators' firm
- RSM
- Incorporated
- 2005-10-14
- Location
- Reading
- Industry
- 01190 Growing of other non-perennial crops
Why it went into administration
- Loss of a key customer, supplier or contract
- COVID-19
- Rising costs / inflation
- Bad debts / customer insolvency
From the administrators' statement
Relevant extracts from the company’s financial statements and management accounts are summarised below:
Period ended 30 September 2021 31 January 2020 31 January 2019 Turnover 3,265,960 4,711,286 5,556,629 Gross profit 135,381 572,635 260,751 Net profit / (Loss) (315,780) (572,670) (317,196) Dividend paid NIL NIL NIL
Administrators' statement of proposals (2022-02-11) · Companies House register