# Valley Produce Limited (05593029)

> Why UK company 05593029 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/05593029

- **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

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/05593029/filing-history/MzMyOTExNzQ3NmFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/05593029

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