Disruptive Foods Ltd (12482677): administration
- Status
- Administration ended
- Administration began
- 2024-08-19
- Administrators
- Paul William Harding, Gareth David Wilcox
- Administrators' firm
- Opus Restructuring
- Incorporated
- 2020-02-25
- Location
- Birmingham
- Industry
- 46170 Agents involved in the sale of food, beverages and tobacco
From the administrators' statement
Following the above, the Company approached Opus Restructuring LLP (“Opus”) in March 2024 for advice as to its financial position. At the time, it was hoped the Company would obtain a ‘White Knight’ investment and agreement would be reached between directors enable shares to be purchased to break the deadlock.
In July 2024, Opus was advised that an agreement was not reached and the investor had pulled out. Accordingly, the Company and the Company’s Qualifying Floating Charge Holder, Ultimate Finance Ltd (“Ultimate”), required guidance on the options available to the parties.
Given the current lossmaking position, the deadlocked board and following the recent withdrawal of the potential investor, the decision was reached that it was necessary to place the Company into Administration. No Moratorium under Part Al of the Act has been in force for the Company at any time within the period of 2 years ending with the day on which it entered Administration.
Administrators' statement of proposals (2024-10-19) · Companies House register