Planks Dairies (Westbury) Ltd (08925303): administration
- Status
- Administration ended
- Administration began
- 2015-12-04
- Incorporated
- 2014-03-06
- Location
- Sheffield
- Industry
- 56290 Other food services
Why it went into administration
- Cash flow / liquidity pressure
- Property / lease costs
- HMRC / tax arrears
From the administrators' statement
The information provided in this section ts based upon the Company records and the explanations of its director, the accuracy of which the Joint Administrators are unable to vouch for The Joint Administrators cannot therefore be held personally lable for errors or misstatement of fact contained therein The Company was incorporated on 6 March 2014 and traded from leasehold premises at 160 Chemical Road, Westbury Industrial Estate, Westbury BA13 4JN The Company operated as a supplier of dairy produce to local schools, businesses and individuals
The Company employed one member of staff, being Mr James Plank, who was the sole director and shareholder of the Company
The Company traded well for the 9 month period following incorporation, however, in December 2014, MFS, being the Company's key dairy supplier at the time, revised payment terms for its customers from 60 day to 30 day terms This resulted in immediate pressure being placed upon the Company's cash flow
Administrators' statement of proposals (2015-12-24) · Companies House register