Holme Farm Produce Limited (05960123): administration
- Status
- Administration ended
- Administration began
- 2014-07-21
- Administrators
- Peter O'Hara, Simon Weir
- Administrators' firm
- DS Insolvency
- Incorporated
- 2006-10-09
- Location
- Batley
- Industry
- 46310 Wholesale of fruit and vegetables
Why it went into administration
- Creditor pressure / legal action
- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure
From the administrators' statement
O'Hara & Co were introduced to the Director of the Company on 23 June 2014 and prior to that date neither O’Hara & Co nor any of tts staff had previously acted for the Company or its Directors in any formal capacity The introduction was made by the Company’s accountants It was established that the Company was insolvent both on a balance sheet basis and that tt was unable to pay its liabilities as and when they fall due Creditor pressure was now at a critical point with one or more winding up petitions expected within days
An associated company of O'Hara & Co, Wesley House Consultancy Limited, assisted the Company in securing a refinance of working capital facilities and additional working capital support from Reward Capital LLP in November 2013
Purpose, Initial Strategy and Progress of the Administration
Administrators' statement of proposals (2014-08-18) · Companies House register