Movingfeast Limited (07691474): administration
- Status
- Administration ended
- Administration began
- 2023-03-02
- Administrators
- Christopher Robert Pole, Timothy Bateson
- Administrators' firm
- Interpath Advisory
- Incorporated
- 2011-07-04
- Location
- London
- Industry
- 47110 Retail sale in non-specialised stores with food, beverages or tobacco predominating
Why it went into administration
- Weak consumer demand
- Rising costs / inflation
- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure
- Creditor pressure / legal action
- COVID-19
- Supply chain disruption
From the administrators' statement
The Company was incorporated on 4 July 2011 and is a wholly owned subsidiary of the Parent Company.
There were 37 employees of the Company, which operated from its five leasehold premises in motorway service stations in Cambridge, Cobham, Beaconsfield, Peterborough, and Baldock. All employees transferred to the Purchaser under TUPE on 2 March 2023, following the sale of the Company’s trade and assets.
The Purchaser is a connected party which is 50% owned by John Coverley and 50% owned by Paul Stagg.
Administrators' statement of proposals (2023-03-27) · Companies House register