Loveraw Limited (08483911): administration
- Status
- Administration ended
- Administration began
- 2025-04-16
- Administrators
- James Saunders, Michael Lennon
- Administrators' firm
- Kroll
- Incorporated
- 2013-04-11
- Location
- Manchester
- Industry
- 10890 Manufacture of other food products n.e.c.
Why it went into administration
- Cash flow / liquidity pressure
- Sustained trading losses
- Creditor pressure / legal action
- Loss of a key customer, supplier or contract
- Property / lease costs
From the administrators' statement
The Company commenced trading in 2013 trading as a manufacturer and supplier of plant based vegan chocolate. The Company initially traded successfully, building market share and brand recognition over a number of years winning a key customers over this period with major convenience stores, high street retailers and grocery stores in the UK and worldwide.
The Company experienced declining revenues during recent years but was supported by its investors, the latest round of funding was April 2024.
The Company at this time sourced its products from a single supplier based in Spain which accounted for c90% of all sales. Following the conclusion of the April funding round, delays were experienced in obtaining goods from the Spanish supplier, resulting in a further reduction in revenue and additional cashflow pressure on the Company.
Administrators' statement of proposals (2025-05-19) · Companies House register