UK food company dissolved with £150k debts after 17 years

Tesouka Ltd, a small production company which produced authentic Moroccan and North African sauces, condiments and marinades from its address in Sulgrave, a village outside Banbury, shut down earlier this month.

It had been running for 17 years since it was incorporated in July 2009, when it was dissolved on May 5 this year.

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Sold through different retailers online, including Amazon, Tesouka-branded products like tagine paste, harissa and Moroccan preserved lemon paste received positive reviews online.

One five-star review, posted under the products listed for sale on Amazon, said: “Brilliant fresh flavours you can tell it’s made by people who really know what they are doing and know flavour mixing.

“Had some lovely food using this. Great value for money… Will definitely be a returning customer.”

The long-time director of the company, Yvonne Penne-Stuart, appeared to be the only worker behind the brand, as zero employees were declared in its most recent accounts.

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The public document on Company’s House also revealed that for the 2023 financial year, the most recent one accounted for, Tesouka owed £152,510 to creditors.

With just £6,170 in assets, the company’s capital and reserves were in the red, operating at a loss of more than £146,000.

Tesouka Ltd was struck from the register on April 7 and dissolved on May 5.

The company has been approached for comment.