Mariner Foods Limited (07984283): administration
- Status
- Administration ended
- Administration began
- 2015-05-05
- Incorporated
- 2012-03-09
- Location
- Lowgate
- Industry
- 10200 Processing and preserving of fish, crustaceans and molluscs
Why it went into administration
- Competition / price pressure
From the administrators' statement
The Company was incorporated in March 2012 as a whoily owned subsidiary of Sealincs Limited (“Sealincs”) aiming to supply seafood products to the retail sector It commenced trading in the autumn of that year fram 55,000 sq ft leasehold premises on Athenian Way, Grimsby
The Company obtained finance in the form of an invoice discounting facility with Royal Bank of Scotland Invoice Finance (“RBSIF") It invested heavily in its factory and equipment with the help of loans from Sealincs and Lease Purchase finance from Lombard North Central Pic
The Company secured contracts with retailers supplemented by business packing key raw matertals such as shellfish and white fish
Administrators' statement of proposals (2015-06-23) · Companies House register