Fresh Produce Connection Limited (11508521): administration
- Status
- Administration ended
- Administration began
- 2020-10-07
- Administrators
- Neil Charles Money
- Administrators' firm
- Revival Business Solutions
- Incorporated
- 2018-08-09
- Location
- Leicester
- Industry
- 49410 Freight transport by road
Why it went into administration
- COVID-19
- Funding withdrawn / unable to refinance
- Sustained trading losses
From the administrators' statement
Fresh Produce Connection Limited was formed in October 2018 By Revival Business Solutions Limited and Mr and Mrs Sephton to continue the work of Sephton Transport Limited which had gone into Administration. due to cash flow.issues following the development of their new premises. The Company offered distribution services to companies in the fresh produce sector, collecting consignments from around the UK and Europe for storage consolidation and redelivery from its purpose-built facility in Lancashire. As Sephton Transport Limited work was profitable and its problems had been down to the financing of the new development, it was thought that it would be possible to build another profitable’ company. Some of the customers, however, chose to move their business elsewhere and with the work becoming fragmented and volumes dropping some of the runs became less viable. As we entered into 2020 it was realised that we would need to make substantial changes to our business model if we were to continue. Then when COVID-19 came Revival Business Solutions Limited said that they were unable to further support any loss-making activity and we were forced to withdraw from our wholesale market …
| can advise that no formal accounts have been filed by the Company. A summary of the Company's recent trading performance is shown below.
Year Ended 31/08/2020
Administrators' statement of proposals (2021-01-28) · Companies House register