Ackio (UK) Limited (07683848): administration
- Status
- Administration ended
- Administration began
- 2023-03-08
- Administrators
- Mark Granville Firmin, Michael Thomas Denny
- Administrators' firm
- Alvarez & Marsal
- Incorporated
- 2011-06-27
- Location
- Brighton
- Industry
- 46310 Wholesale of fruit and vegetables
Why it went into administration
- Sustained trading losses
- Rising costs / inflation
- Supply chain disruption
- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure
- Property / lease costs
- Weather / natural events
- Parent or group failure
- Competition / price pressure
From the administrators' statement
The Company was incorporated on 27 June 2011 and is directly owned by Alomora Group Limited — In Administration (“Alomora”), a UK holding company. Alomora has three main trading subsidiaries: the Company, Wellpak (UK) Limited — In Administration (‘Wellpak”) and Alomora UK Limited (‘Alomora UK”) (together the “Group”).
The Company packaged fresh produce for retail and associated sectors. The Company operated from one leasehold site in the West Midlands and employed 67 people in the UK at the date of the appointment.
Funding and financial position of the Company
Administrators' statement of proposals (2023-05-11) · Companies House register