Acorn Pets (UK) Limited (SC366274): administration
- Status
- Administration ended
- Administration began
- 2011-04-27
- Administrators
- David M Menzies, Pamela Coyne
- Administrators' firm
- Begbies Traynor
- Formerly
- Project Lisbon Limited
- Incorporated
- 2009-09-29
- Location
- Edinburgh
- Industry
- 5248
Why it went into administration
- Loss of a key customer, supplier or contract
- Competition / price pressure
From the administrators' statement
The business of the Company was acquired out of the Administration of Acom Pet Centres Limited following the failure of this business. We understand from the Directors that trading since the business and assets were acquired was below expectations and that the sales of the Company were at levels below what was experienced prior to the Administration in 2009. This has been attributed to the loss of customers from the previous administration, increased competition from large supermarket retailers and the impact of 2 severe winter periods.
Prior to entering into discussions with Begbies Traynor, the Directors advise that they made approaches to certain parties potentially interested in acquiring the business. No purchaser was identified.
Consequently, the Directors of the Company sought the advice of Begbies Traynor following which it was concluded that an insolvency appointment was necessary.
Administrators' statement of proposals (2011-06-27) · Companies House register