Deli Sante Limited (05838037): administration
- Status
- Administration ended
- Administration began
- 2019-02-25
- Administrators' firm
- Opus Restructuring
- Incorporated
- 2006-06-06
- Location
- Milton Keynes
- Industry
- 46380 Wholesale of other food, including fish, crustaceans and molluscs
Why it went into administration
- Creditor pressure / legal action
- Property / lease costs
From the administrators' statement
3.1 As stated above, during the summer of 2018, Aldi, one of the Company's main supermarket customers, received a couple of complaints regarding one of the Company’s quiche products. Aldi’s response led to a dispute, and resulted in Aldi terminating their contract with the Company. This reduced the turnover and resulted in the Company incurring losses of approximately £7,000 per week.
3.2 The Company then commenced legal proceedings against the supplier, via arbitration, and whilst this action was ongoing, the Company’s largest investor, Olympian Homes Limited (“OHL”) agreed to continue to fund the Company whilst matters were resolved.
3.3 Despite injections of cash from the major investor, to enable the Company to trade whilst it sought an acquirer, this was not achieved. OHL indicated that it was not willing to fund the Company after 31 January 2019.
Administrators' statement of proposals (2019-05-02) · Companies House register