Coldco1 Ltd (13377975): administration
- Status
- Administration ended
- Administration began
- 2022-11-22
- Administrators
- Paul Stanley, Dean Watson
- Administrators' firm
- Begbies Traynor
- Formerly
- Chopd (OPS) Ltd
- Incorporated
- 2021-05-05
- Location
- Manchester
- Industry
- 47110 Retail sale in non-specialised stores with food, beverages or tobacco predominating
Why it went into administration
- Sustained trading losses
From the administrators' statement
On 2 November 2022, Begbies Traynor (Central) LLP (“BTCL”) were approached by Scott Dylan, on behalf of a secured creditor, to advise that they intended to call on their security and appoint an administrator. On that same day, the Company’s director, Jack Mason, advised that he was agreeable to instructing licensed Insolvency Practitioners with a view to making the appointment.
The Company formed part of a group of companies and employed approximately 26 members of staff who were located at various sites to assemble healthy food (salads) for the public and corporate trade.
The Company owned several fridges and freezers and it seems that these assets were sold just prior to the Company entering administration, although we have seen no evidence to support this. We are advised that the Intellectual Property was not held in the Company and no other assets were disclosed.
Administrators' statement of proposals (2023-01-09) · Companies House register