Skeggs Beef Limited (07082360): administration
- Status
- Administration ended
- Administration began
- 2019-09-10
- Administrators
- Michael Colin John Sanders, Georgina Marie Eason
- Administrators' firm
- MHA
- Formerly
- Skeggs Plant Limited
- Incorporated
- 2009-11-20
- Location
- London
- Industry
- 01420 Raising of other cattle and buffaloes
Why it went into administration
- Cash flow / liquidity pressure
- Sustained trading losses
From the administrators' statement
The Company was incorporated on 20 November 2009 and operated as a family-run cattle and beef production business from Mundon Hall Farm, Vicarage Lane, Maldon. The directors are Anthony Skeggs, Benjamin Skeggs, and Jennifer Skeggs who are also shareholders of the Company.
There are four activities across two businesses — the Company which owns and manages livestock (4-16 months) primarily sold to Dunbia, and a sister company, Skeggs Agri Limited (“Agri”) which produces maize to feed the livestock and straw for trading. It also purchased straw for trading.
The Company’s facility was agreed by AFP Assets Limited (“AFP”) for £1,800,000 and is secured by way of a debenture incorporating a fixed and floating charge over the assets of the Company. In addition, the directors have provided personal guarantees to AFP.
Administrators' statement of proposals (2019-11-06) · Companies House register