Novo Drinks Ltd (09038597): administration
- Status
- Administration ended
- Administration began
- 2016-09-12
- Administrators' firm
- Richmond Advisory
- Incorporated
- 2014-05-14
- Location
- Matlock
- Industry
- 11070 Manufacture of soft drinks; production of mineral waters and other bottled waters
Why it went into administration
- Creditor pressure / legal action
- Loss of a key customer, supplier or contract
From the administrators' statement
Administration of Drink Pag Limited
The Company was incorporated on 14 May 2014 for the purpose of purchasing the assets of Drink Paq Limited, which had gone into Administration The Insolvency Practitioners (“IPs”) appointed were Shane Biddlecombe and Gordon Johnston of HJS Recovery. The purchase price was £50,000 for tangible and intangible assets from those Administrators, with a further £75,000 for stock These assets were purchased subject to sale purchase agreement on 22 May 2014
The Administrators also agreed to assign a debt due to Drink Paq Limited from Pets at Home for £72,827.16 to the Company
Administrators' statement of proposals (2016-11-16) · Companies House register