Frozen food home delivery retailer Eismann UK owed creditors more than £1m when it collapsed in January, papers filed by its administrator reveal.
RSM Tenon Recovery said Eismann UK had 204 unsecured creditors, who were owed a total of £1.07m. Eismann Germany and HMRC's national insolvency unit were the largest creditors, each owed more than £100,000. Currency increases made products sourced from Eismann Germany "significantly more expensive," the administrators said.
They also revealed Eismann UK had been hunting for a buyer. A major European rival had pulled out of a purchase last August and another potential buyer on 23 January. RSM was called in five days later.
Chairman and MD Karl Schneider is identified as a secured creditor, owed 100,000 a debt registered a day before RSM was appointed.
RSM Tenon Recovery said Eismann UK had 204 unsecured creditors, who were owed a total of £1.07m. Eismann Germany and HMRC's national insolvency unit were the largest creditors, each owed more than £100,000. Currency increases made products sourced from Eismann Germany "significantly more expensive," the administrators said.
They also revealed Eismann UK had been hunting for a buyer. A major European rival had pulled out of a purchase last August and another potential buyer on 23 January. RSM was called in five days later.
Chairman and MD Karl Schneider is identified as a secured creditor, owed 100,000 a debt registered a day before RSM was appointed.
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