Neptune RUM Limited (12677162): administration
- Status
- Administration ended
- Administration began
- 2024-01-24
- Administrators
- Robert Neil Dymond, Joanne Louise Hammond
- Administrators' firm
- Begbies Traynor
- Formerly
- Bcomp 539 Limited
- Incorporated
- 2020-06-17
- Location
- Northampton
- Industry
- 46342 Wholesale of wine, beer, spirits and other alcoholic beverages
Why it went into administration
- Creditor pressure / legal action
- HMRC / tax arrears
- Funding withdrawn / unable to refinance
From the administrators' statement
The Company was incorporated as a Limited company on 17 June 2020, with Raymond Pugh and James Strickland appointed as directors. Christopher Peter Bowen (“CPB”) was appointed on 27 January 2021 and Christopher Lewis Bowen (“CLB”) was appointed on 19 May 2021. The previous directors resigned on 26 September 2022, leaving CPB and CLB as the incumbent directors.
The Company is part of a group of companies, wholly owned by Babco Invest Co Limited (“Babco Invest’), whose main trading subsidiary was Babco UK Ltd (“Babco”). In 2021, the Company was acquired by Babco Invest. The takeover was part of Babco’s ambition to grow and diversify its plans within the industry whilst also allowing the Company to offer its product to a wider audience through the well-established contacts throughout both retail and wholesale which Babco possessed.
Babco Invest is the Company's ultimate parent entity and holds 100% of the total share capital (split as 25,000 Ordinary A shares, 25,000 Ordinary B shares and 5,093 Ordinary C shares)
Administrators' statement of proposals (2024-02-24) · Companies House register