SY Foods Retail Limited (12226800): administration
- Status
- Administration ended
- Administration began
- 2022-09-08
- Administrators
- Adam Harris, Rebecca Jane Dacre
- Administrators' firm
- Mazars
- Incorporated
- 2019-09-25
- Location
- Milton Keynes
- Industry
- 10822 Manufacture of sugar confectionery
Why it went into administration
- HMRC / tax arrears
- COVID-19
- Rising costs / inflation
- Energy costs
- Supply chain disruption
- Cash flow / liquidity pressure
- Creditor pressure / legal action
- Sustained trading losses
- Brexit
- Competition / price pressure
From the administrators' statement
The Company was incorporated in 2019, under the number 12226800, as a special purpose vehicle for the purchase of the business and certain assets from the administrators of TT where Adam Harris, Patrick Lannagan, Michael Pallott & Scott Bevan of Mazars acted as the appointed joint administrators.
The Company manufactured popcorn, supplying a variety of retail and wholesale customers. Products comprised multiple varieties, flavours and packaged popcorn, including own label and bulk for food service, onward packaging or ingredients supply. The business also supplied corn, sugar and other raw materials to third parties.
The Company employed 51 members of staff and traded from leasehold premises in Sheffield, South Yorkshire.
Administrators' statement of proposals (2022-09-21) · Companies House register