Fermentation Limited (10302578): administration
- Status
- Administration ended
- Administration began
- 2019-01-17
- Administrators' firm
- Antony Batty
- Incorporated
- 2016-07-29
- Location
- Brentwood
- Industry
- 47250 Retail sale of beverages in specialised stores
Why it went into administration
- Bad debts / customer insolvency
- Sustained trading losses
From the administrators' statement
The company was incorporated on 29 July 2016 and commenced trading as an online wine retailer under the style www_JustinCases.co.uk shortly thereafter.
During September 2017 the Company acquired, through a back-to-back sale, the e-commerce trading platform known as www.winedirect.co.uk and its associated databases from Vincula Limited (“VL”), who in turn had acquired the intangible assets from Neulin Trading Limited (“NT”).
www winedirect.co.uk had previously been traded by Wine Direct International Limited (“WDI") from the mid 2000's but this company was placed into insolvent liquidation on 11 February 2015. The assets were acquired from the liquidators by NT on a deferred consideration basis.
Administrators' statement of proposals (2019-03-28) · Companies House register