Chessum Plants Ltd (05794605): administration
- Status
- Administration ended
- Administration began
- 2018-04-10
- Administrators' firm
- Begbies Traynor
- Incorporated
- 2006-04-25
- Location
- London
- Industry
- 82990 Other business support service activities n.e.c.
Why it went into administration
- Cash flow / liquidity pressure
- Creditor pressure / legal action
- Competition / price pressure
From the administrators' statement
The Company historically operated under a group structure of companies (the “Group”) associated by way of common directors and shareholders and operated as a rose grower and retailer of plants and shrubs predominantly for the garden centre market.
The Company's main trading premises, the Woodlands/Broadview nurseries, were situated in Sandy, Bedfordshire and was occupied on a month-to-month Licence basis (“the Site’).
The Freeholder and Landlord (the “Landlord”) of the Site is Solai Holdings Limited (“SHL’), who is a 60% shareholder of the Company. Historically, the Company channelled all sales exclusively through one of the Group companies, Green Moon Plants Limited ("GMPL”) which operated as the sales entity for the wider Group, with end customers being garden centres, and both nationwide chains and smatier independent outlets.
Administrators' statement of proposals (2018-05-24) · Companies House register