Food Innovations Holdings Limited (08927292): administration
- Status
- Administration ended
- Administration began
- 2022-09-12
- Administrators
- Anthony Collier, Simon Farr
- Administrators' firm
- FRP Advisory
- Formerly
- Food Innovations Newco Holdings Limited
- Incorporated
- 2014-03-07
- Location
- Manchester
- Industry
- 10890 Manufacture of other food products n.e.c.
Why it went into administration
- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure
- Sustained trading losses
- Weak consumer demand
- COVID-19
- Rising costs / inflation
- Weather / natural events
- Parent or group failure
- Competition / price pressure
From the administrators' statement
The Companies were both incorporated on 7 March 2014 and traded from leasehold premises in Eastwood, Nottingham.
As at the date of the Joint Administrators’ appointment the Companies employed 104 members of staff; 34 in FI and 70 in FIM.
The sole shareholder of FIM is FI, and the sole shareholder of FI is Food Innovations Baking Group Limited, which was placed into Administration on 27 September 2022.
Administrators' statement of proposals (2022-11-09) · Companies House register