J M & D Limited (06825273): administration
- Status
- Administration ended
- Administration began
- 2017-12-29
- Administrators
- Sarah Helen Bell, Steven Muncaster
- Administrators' firm
- Kroll
- Incorporated
- 2009-02-20
- Location
- Manchester
- Industry
- 46341 Wholesale of fruit and vegetable juices, mineral water and soft drinks
Why it went into administration
- HMRC / tax arrears
- Bad debts / customer insolvency
From the administrators' statement
The Company acted as an intermediary between supplier and customer The minimum order quantity for any tem was one pallet, which would usually generate low profit margins, averaging In the region of 6% per order
The Company relied heavily on buik sales, generating monthly turnover of circa £500k to £700k, depending upon seasonality
Despite its low profit margins the Company had a successful business model and reported annual profits in recent years The annual accounts for the twelve-month period to 28 February 2016 showed net profit of £29,594
Administrators' statement of proposals (2018-03-06) · Companies House register