Dunwilco (1848) Limited (09309480): administration
- Status
- Administration ended
- Administration began
- 2018-04-11
- Administrators
- Benjamin John Wiles, Geoffrey Wayne Bouchier
- Administrators' firm
- Kroll
- Incorporated
- 2014-11-13
- Location
- London
- Industry
- 64202 Activities of production holding companies
Why it went into administration
- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure
- Creditor pressure / legal action
From the administrators' statement
Statutory information on the Company and a summary of its financial history is included at Appendix 1.
Martin Kemp founded the Nutrisure business concept in 2007 by importing goji berries from China and selling them to online retailers through the entity Supernutrients Limited. The business grew and ended up supplying major retailers including Holland & Barret and Sainsbury's.
The business continued to grow and in May 2015 the founder sold the business to a consortium of investors connected to Lonsdale Capital Partners (a private equity firm). Martin Kemp stepped down as chief executive at that time. The aim of this investment was to expand the Company into other markets.
Administrators' statement of proposals (2018-06-15) · Companies House register