From the administrators' statement

21 The Company was incorporated on 4 February 2014, and traded from rented premises 1n Feltham, Middlesex

22 The director had been trading as a flower importer and wholesaler for 20 years. In 2014 she set up the Company as a joint venture with Philip Searle who owned a similar business Both parties transferred their existing businesses into the Company, and took equal shareholding.

2.3 Shortly after the Company started trading it became apparent that the combined turnover of the two businesses was not as high as had been originally anticipated In March 2015 the Company’s key sales director left and sales significantly reduced as a result Ths created immediate and cntical cash flow difficulties for the Company.

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Onyx Flowers Limited (08875609)

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