Ciborio Food and Wine Limited (05915056): administration
- Status
- Administration ended
- Administration began
- 2011-06-27
- Administrators
- Michael William Young, Peter Nicholas Wastell
- Administrators' firm
- FRP Advisory
- Formerly
- Carbonfreelife Limited; Carbonneutralme Limited
- Incorporated
- 2006-08-24
- Location
- St. Albans
- Industry
- 5134
Why it went into administration
- Creditor pressure / legal action
- Bad debts / customer insolvency
- Property / lease costs
- Competition / price pressure
From the administrators' statement
The following account was based on that provided to the Administrators by the director of the Company
The Company was incorporated in August 2006 originally as Carbonfree Life Limited with Andrew Beckingham as sole director and shareholder
The Company purchased the assets and intellectual property of Ciborio Limited, a wine and food wholesaler which was placed into administration in August 2009. The Company sourced food and wine from suppliers around the world for onward supply to restaurants in London. The Company was largely funded by Internet Telecom Limited (‘ITL"), a connected company in which AB also acted as a director. ITL hold a debenture over the Company comprising of a fixed and floating charge.
Administrators' statement of proposals (2011-09-06) · Companies House register