Credenza Sea Products Limited (SC276891): administration
- Status
- Administration ended
- Administration began
- 2011-04-20
- Administrators
- John Arthur Kirkpatrick, Keith Aleric Stevens
- Administrators' firm
- Pba Accountants
- Formerly
- Ridgecase Limited
- Incorporated
- 2004-12-02
- Location
- Edinburgh
- Industry
- 1589
Why it went into administration
- Funding withdrawn / unable to refinance
From the administrators' statement
The following history statement has been compiled from information provided to the Joint Administrators. A schedule of the company’s Statutory Information as held by the Registrar of Companies is enclosed at Appendix |.
Credenza Sea Products Ltd was incorporated on 2 December 2004 with Mr J Elston acting as director. The company commenced trading having taken on the business and assets of Credenza Sea Foods Ltd, a company that Mr Elston had previously acted as director of which had been placed into Receivership on 9 December 2004. The business produced and supplied a range of fish and seafood products to various wholesalers.
The company was supported by Mr Elston and Spring Capital Ltd who provided funding in exchange for floating charges created on 23 December 2004. In 2005, a further floating charge was granted to Lloyds TSB Commercial Finance Ltd in exchange for an invoice finance agreement that was operated in respect of the company's debtor ledger.
Administrators' statement of proposals (2011-06-20) · Companies House register