# D. S. I. Foods Limited (06777683)

> Why UK company 06777683 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/06777683

- **Status:** Administration ended
- **Administration began:** 2020-12-04
- **Administrators:** Benjamin John Wiles, Philip Joseph Dakin
- **Administrators' firm:** Kroll
- **Incorporated:** 2008-12-21
- **Location:** London
- **Industry:** 10890 Manufacture of other food products n.e.c.

## Why it went into administration

- COVID-19
- HMRC / tax arrears
- Competition / price pressure
- Cash flow / liquidity pressure
- Property / lease costs

## From the administrators' statement

• In 2018, the Company sought to expand its product offering into frozen products for the airline industry and major UK retailers by opening a new production facility in Heston, near Heathrow Airport, which increased the Company’s capacity to be able to prepare c.45,000 meals per day.

• The construction of the Heston facility was financed using a combination of the Company’s reserves and asset finance provided by Lombard in July 2018 totalling c.£4.4m.

• The Company’s overheads increased substantially during 2019 due to the opening of the new facility which was primarily established to supply and grow its retail customer base and resulted in a net loss of £1.1m for the year ended 31 December 2019.

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/06777683/filing-history/MzI4NTkzNTAyNmFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/06777683

Contains public sector information from Companies House, licensed under the Open Government Licence v3.0.