Banaras Halal Meats Limited (05893062): administration
- Status
- Administration ended
- Administration began
- 2016-05-25
- Administrators
- Sean Williams, Philip Deyes
- Administrators' firm
- Leonard Curtis
- Formerly
- Food DU Monde Limited
- Incorporated
- 2006-08-01
- Location
- Leeds
- Industry
- 46320 Wholesale of meat and meat products
Why it went into administration
- Funding withdrawn / unable to refinance
- Creditor pressure / legal action
- Sustained trading losses
From the administrators' statement
The Company was incorporated on 1 August 2006 and commenced trading shortly thereafter The directors on our appointment were Nadeem Banaras and Waseem Banaras The shareholders of the Company are Mohammed Banaras, Nadeem Banaras, Waseem Banaras and Nahim Banaras
The Company traded from freehold premises at The Abattoir, High Street, Boosbeck, Saltburn by Sea TS12 3AG The principal trading activity of the Company was that of the wholesale of meat and meat products The Company had previously traded as an abattoir until early 2016
The Company was funded by way of an invoice finance facility with Lloyds TSB Commercial Finance (‘LTSBCF’), who hold security by way of a debenture incorporating a fixed and floating charge over the Company assets, created on 13 August 2014 Lloyds TSB Bank Plc (“The Bank”) also provided funding by way of a loan, in order to purchase the premises, and also provided an overdraft facility The Bank holds security by way of a debenture incorporating a fixed and floating charge over the Company's assets, created on 9 December 2011 and a mortgage over the freehold premises, created on 13 December 2011 Mr Mohammed Banaras had also provided funding to the Company by way of loans in the sum of £571,000
Administrators' statement of proposals (2016-07-28) · Companies House register