Star Meats Limited (08327518): administration
- Status
- Administration ended
- Administration began
- 2020-04-03
- Administrators
- Andrew Graham Mackenzie, Richard Kenworthy
- Administrators' firm
- Begbies Traynor
- Formerly
- The Good Food Company (NE) Limited
- Incorporated
- 2012-12-11
- Location
- Leeds
- Industry
- 46320 Wholesale of meat and meat products
Why it went into administration
- Cash flow / liquidity pressure
- Bad debts / customer insolvency
- Management failings / irregularities
From the administrators' statement
Star Meats Limited (‘The Company”) was incorporated on 11 December 2012 and traded since that time as a manufacturer and wholesaler of meat products. The Company’s leasehold premises was at 3a Gresley Road, South West Industrial Estate, Peterlee, County Durham, SR8 2LU.
We are continuing to investigate the exact reasons for the Company's insolvency. However, it appears the Company was experiencing cash flow difficulty as a result of the non-payment of historic unfinanced debts, as weil as a request for credit notes against a number of invoices which the Company had financed through Bibby Financial Services Limited (“Bibby”). Those credit notes were requested due to quality control issues.
To compound the cash fiow difficulties, on 24 February 2020, the Company effectively ceased to trade due to a fire at its premises, from which, the business was unable to recover.
Administrators' statement of proposals (2020-05-22) · Companies House register