Plant and Bean Ltd (12064792): administration
- Status
- Administration ended
- Administration began
- 2023-05-31
- Administrators
- James Richard Clark, Howard Smith
- Administrators' firm
- Interpath Advisory
- Formerly
- The Plant and Bean Based Company Limited
- Incorporated
- 2019-06-24
- Location
- Leeds
- Industry
- 10612 Manufacture of breakfast cereals and cereals-based food
Why it went into administration
- Sustained trading losses
- Rising costs / inflation
- Energy costs
From the administrators' statement
Plant and Bean Limited (the ‘Company’) was incorporated on 24 June 2019 and was set up as a joint venture between The Brecks Company Limited (‘Brecks’) and Nove Foods Limited (‘Nove’), the latter being a Thai-based subsidiary of NR Instant Produce Public Company (a listed company in Thailand).
The Company traded from premises at New Hammond Beck Road, Wyberton Fen, Boston, Lincolnshire (the ‘Property’), which it owned on a long leasehold basis. It operated as a food manufacturing business, in the plant-based protein sector.
The Company also holds a 49% share in Plant and Bean (Thailand) Co Ltd (‘P&B Thailand’), which owns a near-complete food manufacturing facility, which is located north of Bangkok. P&B Thailand is not yet trading.
Administrators' statement of proposals (2023-07-22) · Companies House register