PWMC Realisations Limited (07294415): administration
- Status
- Administration ended
- Administration began
- 2013-03-01
- Administrators' firm
- BDO
- Formerly
- The Proper Welsh Milk Company Limited; Really Welsh Dairy Company Limited
- Incorporated
- 2010-06-24
- Location
- Counterslip
- Industry
- 46330 Wholesale of dairy products, eggs and edible oils and fats
Why it went into administration
- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure
From the administrators' statement
The Company was incorporated on 26 April 2010 and after equipment fitted began trading in October 2011 as the first new-build dairy in Wales for 75 years. By February 2013 1t was processing (and packing) at production levels of c250,000 litres of Welsh mitk per week to major supermarkets and wholesalers in the region.
The Company operated from a leasehold property in Whitland, Carmarthenshire under a 20 year lease, running from Apnil 2011
During the first 15 months of trade the business was supported by several rounds of funding, as revenues increased to an annualised £5million.
Administrators' statement of proposals (2013-04-30) · Companies House register