Only Eggless Limited (07537932): administration
- Status
- Administration ended
- Administration began
- 2022-05-05
- Administrators
- Miles Needham, Simon Peter Carvill-Biggs
- Administrators' firm
- FRP Advisory
- Incorporated
- 2011-02-22
- Location
- St. Albans
- Industry
- 10710 Manufacture of bread; manufacture of fresh pastry goods and cakes
Why it went into administration
- Funding withdrawn / unable to refinance
- COVID-19
From the administrators' statement
The Company was incorporated in February 2011 and operated as a high-quality bakery which offered customisable and personalised special occasion cakes, celebration cakes, bespoke merchandise, “party-in-a-box” kits and flower delivery for customer convenience. The company operated under five live ecommerce brands.
The Company operated from two leasehold locations, a serviced office unit and the bakery, both of which were in Wembley for convenience.
As a result of the COVID-19 pandemic and the current conflict in Ukraine, the commodities required by the business has been severely disrupted and consequently prices have experienced an unprecedented increase in recent months. The rise in operating costs and a downturn in business, has placed such a financial strain on the Company that it became untenable for trading to continue without refinancing or external investment.
Administrators' statement of proposals (2022-07-07) · Companies House register