Mona Island Dairy Limited (10747058): administration
- Status
- Administration ended
- Administration began
- 2024-06-07
- Administrators
- Philip Reynolds, Anthony Collier
- Administrators' firm
- FRP Advisory
- Formerly
- Bryn Cegin Dairy Limited
- Incorporated
- 2017-04-28
- Location
- Manchester
- Industry
- 10512 Butter and cheese production
Why it went into administration
- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure
- Supply chain disruption
- Creditor pressure / legal action
From the administrators' statement
The Company operated as a manufacturer of cheddar cheese, with the production capabilities to also produce other continental cheeses, operating from a facility in Mona, Anglesey, North Wales. The Company sourced its milk for the production of cheese from local farmers across North Wales and England.
Significant capital of over £30m was invested into the project to design and build the facility. The planned production capacity was 35,000 tonnes and was built with the aim of being net-zero, running on entirely renewable energy.
This had largely been funded internally by DWF as shareholder and subsequently by secured debt provided by Dairy Investments and Klooster.
Administrators' statement of proposals (2024-08-06) · Companies House register