In its report to creditors issued earlier this month, KPMG, appointed administrators to Omega Wolf in July this year, outlined the reasons behind the decision to place the company in administration.
One of them main contributing factors was the supplier's business relationship with discount supermarket chain Aldi, which sold Omega Wolf products under the Powercraft brand.

The report states: "The periodic nature of the Aldi business resulted in significant fluctuations in the funding requirements of the company throughout the year." However, it was the company's inability to secure additional funding that resulted in them being unable to make "key payments to creditors and were unable to obtain the release of direct sales stock that had arrived in the UK from Far East suppliers."

The company owed £544k to its trade creditors, including more than £118k to media company Mediavest (Leeds) and more than £100k to UK-based freight company PFE Express.

A letter from KPMG this week stated: "It is unlikely that there will be sufficient funds to enable a distribution to be made to unsecured creditors."