WWA Foods Limited (07764926): administration
- Status
- Administration ended
- Administration began
- 2017-02-01
- Administrators
- Michelle Anne Weir
- Administrators' firm
- Begbies Traynor
- Incorporated
- 2011-09-07
- Location
- Plymouth
- Industry
- 10612 Manufacture of breakfast cereals and cereals-based food
From the administrators' statement
The Company produces good quality popcorn in a variety of different flavours and supplies supermarkets and stores across the UK
Since tts incorporation there has been significant focus on building the brand, Portlebay Popcorn Despite the growth of the popularity of the brand, the Company has always traded at a loss and has been supportéd by its shareholders The last nghts issue was in August 2016 and raised £175,000 However, recently several national customers have stopped ordering from the Company and the shareholders have stated they do not want to continue to support the Company financially
The directors became concerned about the future of the Company because of the unavoidable losses tn the short term and the lack of commitment from the current investors In light of this they started ta speak with alternative ivestors As a result of this, the directors spoke with a national snack Gompany, Tayto Group Limited (“Tayto”) Tayté were interested im becoming involved in the business and put forward the concept of a pre-pack administration
Administrators' statement of proposals (2017-02-16) · Companies House register