From the administrators' statement

Following its acquisition by Chiltern in September 2023 the Group began planning for and implementing a transformation plan aimed at driving operational and sales improvements.

Key aspects of the transformation plan were (i) developing and professionalising a series of key internal processes and IT systems, (ii) opening a new central distribution centre in Doncaster, and (iii) generally re-aligning the Group’s operational footprint by exiting certain aged premises and replacing them with newer facilities.

The transformation plan required significant costs to be incurred over an extended period of time. We understand this plan was envisaged to be part funded via a series of sale and leaseback transactions in relation to freehold property owned by BCL at the time of the Chiltern acquisition, as well as forecast cash generation from normal trading.

Dig into any UK company's accounts

Search a company to fetch every set of accounts it has filed at Companies House, from incorporation to the latest filing. Tagged (iXBRL) accounts are read directly. Older scanned PDF accounts are read with OCR (optical character recognition).

Profit & loss: revenue, margins and profit, year by year
Balance sheet: assets, liabilities, working capital and net assets
Cash flow: operating, investing and financing flows and free cash flow
Groups: consolidated figures are used when a group files group accounts

Processing now

Cricket Bidco Limited (15030497)

Export CSV