WYE Valley Dairy Products Limited (07114159): administration
- Status
- Administration ended
- Administration began
- 2012-06-08
- Administrators
- Rosalind Mary Hilton
- Incorporated
- 2009-12-30
- Location
- Blackpool
- Industry
- 46330 Wholesale of dairy products, eggs and edible oils and fats
Why it went into administration
- Cash flow / liquidity pressure
- Credit insurance / supplier credit withdrawn
- Funding withdrawn / unable to refinance
- Creditor pressure / legal action
- Bad debts / customer insolvency
- Sustained trading losses
From the administrators' statement
The business began as Wye Valley Dairy Company Limited as a result of a MBO on 26 December 2006. This company was subsequently placed into Administration on 11 December
Despite the Administrators receiving a firm offer for this business, the purchaser was unable to reach an agreement with the finance company over the equipment and the interest was withdrawn. This business subsequently ceased trading on 24 December 2009 and all the staff were made redundant
The Administrators sold the remaining stock and customer list to John Goddard.
Administrators' statement of proposals (2012-06-28) · Companies House register