# Enjoy Chocolate Limited (05757805)

> Why UK company 05757805 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/05757805

- **Status:** Administration ended
- **Administration began:** 2014-02-27
- **Administrators' firm:** Begbies Traynor
- **Incorporated:** 2006-03-27
- **Location:** Manchester
- **Industry:** 46170 Agents involved in the sale of food, beverages and tobacco

## Why it went into administration

- Supply chain disruption
- Creditor pressure / legal action

## From the administrators' statement

The Company's financial problems emerged following the fourth quarter of 2012 as a result of the action from the major brand company this resulted in the Company incurring substantial legal costs in defending the action

During the first quarter of 2013 the Company's financial position worsened due to the significant and very sharp fall in the value of GBP versus the Euro and the adverse position remained throughout the rest of the year In addition the Company's key UK retailer placed no further orders with the Company from March 2013 and, in October 2013, a notice of delist was served on the Company by the retailer The timing of this notice meant that there was not sufficient time for the Company to secure additional customers to recover from the loss in trade given the seasonal market in which the Company operates

Throughout 2013 the Company experienced significant reduction in tts margins due to the increase in raw maternal costs imposed by the suppliers and the increase in distribution costs charged to the Company. Due to the Company operating in the value sector, it was not possible for the mcrease in costs to be recovered through rarsing prices

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/05757805/filing-history/MzA5NjA0MjU5MmFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/05757805

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