Jones Food Company Limited (10504047): administration
- Status
- In administration
- Administration began
- 2025-04-07
- Administrators
- Stephanie Sutton, Damian Webb
- Administrators' firm
- RSM
- Incorporated
- 2016-11-30
- Location
- London
- Industry
- 01290 Growing of other perennial crops
Why it went into administration
- Loss of a key customer, supplier or contract
- Sustained trading losses
- Cash flow / liquidity pressure
From the administrators' statement
The Company was loss making once operational as it was running at roughly a third / half of the factory’s capacity, with low margins being achieved on the products sold.
The sales demand from major customers varied month to month and was typically on the lower side of forecast demand. This resulted in the quantity of crops grown being in excess of demand and so the remaining crop had to be disposed of as waste. This resulted in the Company incurring the growing costs, as well as disposal costs, on these crops. This also made it very difficult to accurately forecast demand due to the variability in actual demand.
The Company was looking at making amendments to the crops they grew to ones with higher margins in order to improve profitability. Yields were improving with March 2025 being the best month in terms of yields produced.
Administrators' statement of proposals (2025-06-03) · Companies House register