National FM accrued over £5m in debts before closure

National FM crop
National FM was based in Warminster, Wiltshire.

Warminster-based distributor National Facilities Management (National FM) had run up £5.1m of debt before it closed its doors on 31 October, according to the company’s statement of affairs now published on Companies House.

However, over £2m of the company’s liabilities were shouldered by MD Geoff Mitchell himself.

As well as owing over £1.7m to Allied Irish Bank, National FM’s trade creditors were headed by kitchen design house, Sprint Group, with other major names towards the top of the list including Defluo, Winterhalter, Unox, Chapman Ventilation, Concept Fabrications, Middleby UK and Ingot Ventilation Services.

Story continues below

The business officially appointed Diana Frangou of RSM Restructuring in Birmingham as liquidator on 12 November, after a company general meeting held virtually on that day.

The special resolution to wind up was passed, as according to a notice publicly available on Companies House: “It has been proved to the satisfaction of this meeting that the company cannot, by reason of its liabilities, continue its business, and that it is advisable to wind up the company, and accordingly that the company be wound up voluntarily.”

Once National FM closed, emails to MD Mitchell were met with an automatic response which stated: “Unfortunately, due to the impact of the Covid-19 pandemic on the hospitality sector, and the resultant reduction in the demand for our business, we have taken the difficult decision to close National Facilities Management Ltd with effect from 31 October 2020.”

The distributor described itself as “a hospitality-led facilities management company”, working within the leisure sector, providing services including the design, supply and installation of foodservice areas, reactive help desk assistance, and ongoing maintenance.

Foodservice projects the Wiltshire-based distributor has been involved in over the years include: the Ram Inn, Wandsworth, London; Eggslut, Portabello Road, London; Le Monde restaurant, Cardiff; The Halal Guys, Leicester Square, London; The Draft Haus, Chancery Lane, London; Youngs burger shack & bar at Fire Stables in Wimbledon; Youngs burger shack at the Weyside in Guildford; and The Old Custom House, Penarth.

The business was incorporated 2003 first as Wessex Catering Maintenance by Anthony Morgan, subsequently becoming Wessex Facilities Management in 2006. It then changed its name again to National Facilities Management in 2008 around the same time Mitchell was appointed to his MD role.

Tags : dealerdistributorliquidationnational facilities managementout of business
Clare Nicholls

The author Clare Nicholls

Leave a Response

Protected with IP Blacklist CloudIP Blacklist Cloud