Mbjsc Produce Limited (07047795): administration
- Status
- In administration
- Administration began
- 2026-08-03
- Administrators
- Lisa Marie Moxon, Christopher Benjamin Barrett
- Administrators' firm
- of Dow Schofield Watts Business Recovery
- Incorporated
- 2009-10-17
- Location
- Warrington
- Industry
- 46310 Wholesale of fruit and vegetables
Why it went into administration
- Creditor pressure / legal action
- Rising costs / inflation
- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure
- HMRC / tax arrears
- Sustained trading losses
- Energy costs
From the administrators' statement
The Company was incorporated in 2009 with Morna Blair Cornwell and Stephen Cornwell appointed as directors and MBJSC (Holdings) Limited (“Holdings”) holding 100% of the share capital. The business operated in the wholesale supply and distribution of fresh fruit and vegetables throughout the UK trading from leasehold premises in Nazeing, Essex. All plant and machinery required to operate the business was owned by Holdings and rented to the Company.
Throughout 2024, the Company continued to struggle to navigate the ongoing impact of inflation and the rising energy costs. Despite the directors’ efforts to reduce overheads, the continued lack of produce availability in the UK resulted in the Company having to source goods from foreign jurisdictions, this coupled with the supermarkets unwilling to negotiate on selling prices resulted in profit margins remaining below expectations. This restricted the Company's ability to recover from the prior years’ losses. The Company also suffered a reduction in turnover from £26.1m in 2023 to £21.2m in 2024.
The audited accounts for the year ended 31 October 2024 included an auditors qualified opinion in respect of the stock and accruals figure and whether any adjustments needed to be made to the balance sheet for opening and closing positions. Whilst the Company achieved a net profit of £150,453 for the period, the total liabilities exceeded total assets by £951,518. The auditors concluded that the current financial position of the Company indicates that a material uncertainty exists which may cast doubt over the Company’s ability to continue as a going concern.
Administrators' statement of proposals (2026-10-12) · Companies House register