Cooks the Bakery Limited (05964913): administration
- Status
- Administration ended
- Administration began
- 2011-11-16
- Administrators
- Simon Harris, Cameron Gunn, Mark Supperstone
- Administrators' firm
- ReSolve
- Formerly
- Corwell Limited
- Incorporated
- 2006-10-12
- Location
- London
- Industry
- 5211
Why it went into administration
- Property / lease costs
- Shift to online / high-street decline
- Cash flow / liquidity pressure
- Creditor pressure / legal action
- Competition / price pressure
From the administrators' statement
The Company commenced trading in November 2006 foliowing the acquisition of 121 bakery units from the administrators of Three Cooks Limited
Since acquisition the Company struggled to make a profit The high street was becoming more challenging and, despite a promising 2008, by 2009 the Company only managed to break even
The Company embarked on a store disposal program to raise funds to continue trading whilst also cutting costs However it suffered from continuing cashflow pressures brought on by constant strong competition on the High Street
Administrators' statement of proposals (2012-01-11) · Companies House register