Onyx Group International Ltd (14644656): administration
- Status
- In administration
- Administration began
- 2026-06-17
- Administrators
- Andrew Andronikou, Jack Caten
- Administrators' firm
- Begbies Traynor
- Incorporated
- 2023-02-07
- Location
- London
- Industry
- 10200 Processing and preserving of fish, crustaceans and molluscs
Why it went into administration
- Creditor pressure / legal action
- Cash flow / liquidity pressure
- Loss of a key customer, supplier or contract
- Bad debts / customer insolvency
From the administrators' statement
The Company was incorporated on 7 February 2023, and its primary business is the importation, packing and sale of caviar. In the UK it operates primarily from premises controlled by a subsidiary of the majority shareholder, Reach, but it also has packing stations, also controlled by Reach subsidiaries, in Nice and Dubai, with the bulk of its customers being restaurants, wholesalers and gourmet food retailers in those jurisdictions, although its single largest customer is Reach which accounts for some 28% of overall sales.
The Company’s current directors have been in office since shortly after incorporation, and it employs two staff directly in its London operation who have been retained for a short period in the Administration — further information about ongoing operations are explained later in this document.
The business acquired the intellectual property rights for the brand Hadid Caviar, along with developing its own brand: Azure Caviar. A specialist, self-contained preservation and packing facility was built at Reach’s London property. Overall performance has been challenging, and significant funding has been required from the Reach Group in order to support trading operations, the balance of which currently totals in excess of £817k, making Reach the largest creditor by a considerable margin. This was despite the directorship of a career professional in the caviar industry, work to elevate the Company's status in the market generally, and the introduction of the Azure brand.
Administrators' statement of proposals (2026-08-07) · Companies House register