Baked In Ltd (08517657): administration
- Status
- Administration ended
- Administration began
- 2023-05-18
- Administrators
- Charles Hamilton Turner, Allister Manson
- Administrators' firm
- Opus Restructuring
- Incorporated
- 2013-05-07
- Location
- Knowlhill
- Industry
- 10890 Manufacture of other food products n.e.c.
Why it went into administration
- COVID-19
- Weak consumer demand
From the administrators' statement
Whereas, during the Covid pandemic, demand for the Company’s products had risen dramatically and the number of monthly subscribers had also risen significantly, post-pandemic, the turnover of the Company fell back markedly (due to reduced demand for home-based activities). Taken together with an enhanced cost base, this resulted in the Company’s cash needs overwhelming the Company’s cash flow.
The introducer of the matter to Opus was Velocity Corporate Directors with the official date of instruction being 2 May 2023.
No Moratorium under Part A1 of the Act had been in force for the Company at any time within the period of 2 years ending with the day on which it entered Administration.
Administrators' statement of proposals (2023-07-22) · Companies House register