Edesia Limited (09642439): administration
- Status
- Administration ended
- Administration began
- 2018-10-24
- Administrators
- Jeremy Karr, Simon John Killick
- Administrators' firm
- Begbies Traynor
- Incorporated
- 2015-06-16
- Location
- London
- Industry
- 56290 Other food services
Why it went into administration
- Creditor pressure / legal action
- Cash flow / liquidity pressure
From the administrators' statement
Edesia Limited (“the Company”) was incorporated on 16 June 2015 and began trading in the same year from premises situated at 206 Barnardo Street, London E1 OLL (“Bamardo Street”) and Chelsea Cloisters, Sloane Avenue, London SW3 (“Chelsea Cloisters”)
The principal activity of the Company was the operation of an affordable, premium quality Italian food delivery service covering the London area from seven hubs.
The Company has made substantial losses since incorporation due to the establishment of a high cost infrastructure designed to service a much larger business. It primarily relied on its shareholders for financing and there are significant amounts due to them. in the six months to the end of June 2018, the directors made cost savings of £90,000 by reducing salary, marketing and travel expenses. However, turnover remained static in comparison to the same period in the previous year.
Administrators' statement of proposals (2018-12-28) · Companies House register