UK pizza company collapses into administration – founded in 1992
The pizza dough maker has been around for decades.
A British pizza company has collapsed into administration after trading for more than three decades. Millennium Dough Company specialised in making wholeseale artisan frozen pizza dough from their West-London base.
Based at Taunton Rd, Greenford, they had focused on using high-quality ingredients and traditional baking techniques, according to Best Food Importers. “Their expertise lies in long fermentation, craft flours, and new product development, catering to the unique needs of restaurants and food service companies,” it said. Formerly known as Millennium Food Service, the business had stellar five-star Google reviews, with one noting they had “excellent fantastic staff”.
Companies usually enter administration to deal with financial distress and insolvency, which occurs when a business cannot pay its debts, or when liabilities exceed assets.
The insolvency practitioner takes control to either rescue the business, restructure its debts, or sell off assets to maximise payouts to creditors.
Millennium Dough’s latest accounts revealed that while it generated a substantial £1.7million in profits in the year to October 2024, the amount it owed to creditors roughly doubled in 12 months.
By October 2024, creditors were due £1.5million witihin a year, compared to £751,052 for the same period in 2023.
Many hospitality and catering businesses have fallen into administration or finanical difficulties recently. While this company has not released a statement on its individual circumstances, food and catering companies are often vulnerable because of volatile ingredient costs, which can be impacted by the fluctuating price of fuel, rising utility bills and commercial rents.
Soho Gourmet Group, registered at Avery Hill Road in London, had supplied mobile kitchen trucks, kitchen trailers and mobile pizza ovens to the film and TV industry.
Around the same time, Aberdeen-based Foodstore Limited, trading as King Foods, collapsed into administration, with all 40 jobs lost.
The company had reportedly been struggling with financial crisis over a number of years, owing more than £1million to banks and £1m to creditors across a range of businesses across Scotland, according to documents seen by The Herald.
