# Joubere Limited (08107259)

> Why UK company 08107259 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/08107259

- **Status:** Administration ended
- **Administration began:** 2023-09-14
- **Administrators:** Benjamin John Wiles, Philip Joseph Dakin
- **Administrators' firm:** Kroll
- **Formerly:** Joubere Foods Limited
- **Incorporated:** 2012-06-15
- **Location:** London
- **Industry:** 10890 Manufacture of other food products n.e.c.

## Why it went into administration

- Competition / price pressure
- COVID-19
- Cash flow / liquidity pressure
- Rising costs / inflation
- Energy costs
- HMRC / tax arrears
- Loss of a key customer, supplier or contract
- Property / lease costs
- Sustained trading losses

## From the administrators' statement

The Company was significantly impacted by the COVID-19 pandemic and successive lockdowns forced the Company’s largest customer to reduce trading with the Company in the year ending 31 March 2021. Losses were also sustained by the European energy crisis and global macro-economic inflationary pressures in the year to 31 March 2023, whereby the Company saw monthly energy costs increase over a two-year period.

On 3 May 2023 the Company and Investec engaged Kroll to review the Company's short term cash flow and assess the options available to enable the business to continue as a going concern including considering a Company Voluntary Arrangement.

On 11 July 2023, the Company entered a CVA. Throughout the CVA, the Company continued to face significant cash flow challenges and no CVA contributions were made by the Company.

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/08107259/filing-history/MzM5OTAyNjUxMWFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/08107259

Contains public sector information from Companies House, licensed under the Open Government Licence v3.0.