Administration of a food wholesaler
S J Bellows Nurseries Limited, a wholesaler of fruit, vegetables and dairy products, based in Romsey was placed into Administration on Monday 25th April. Simon Campbell and Carl Jackson of Quantuma LLP were appointed as Joint Administrators.
The company had recently experienced problems in trying to rapidly increase its turnover in response to new opportunities within its market-place. The company had sought third-party financing to plug gaps in its cash-flow, but was unable to implement this swiftly enough to stave off the demands of its creditors. It was forced to cease trading on Friday 22nd April.
Simon Campbell, Director at Quantuma LLP said “In the short time that we’ve been advising the company, we have made every effort to protect the business and preserve value for the creditors of the company. However, we were unable to hold the customer base together to effect a sale of the business. We will be corresponding with creditors to advise them of our next steps shortly”
For more information on Administrations, please click here