Windyridge Cheese Limited (07423908): administration
- Status
- Administration ended
- Administration began
- 2019-05-10
- Administrators
- Simon Jagger, Mark Supperstone
- Administrators' firm
- ReSolve
- Formerly
- Imco (312010) Limited
- Incorporated
- 2010-10-29
- Location
- London
- Industry
- 10512 Butter and cheese production
Why it went into administration
- Cash flow / liquidity pressure
- Creditor pressure / legal action
- Property / lease costs
- Sustained trading losses
From the administrators' statement
The Company was incorporated on 29 October 2010 by Melvin Glynn and Oliver Chavannon, both having extensive experience in the dairy industry with a vision of building their own business brand within the blended cheese market.
The Company commenced trading within the same year from a small leased farmhouse kitchen in Somerset, facilitated via private investment and working capital from the then directors and third parties. A bank overdraft facility with Clydesdale was subsequently sourced for the ongoing trading operations of the Company.
By 2013 the Company had accumulated significant net losses. A restructuring of its operational activities led to Mr Chavannon resigning from the Board and the current Board members, other than Melvin Glynn who was already a director, were appointed.
Administrators' statement of proposals (2019-06-05) · Companies House register