Cumberland and Dumfriesshire Farmers Mart Public Limited Company(The) (00212685): administration
- Status
- Administration ended
- Administration began
- 2015-08-25
- Administrators
- Anthony Collier, Ben Woolrych
- Administrators' firm
- FRP Advisory
- Incorporated
- 1926-03-25
- Location
- Booth Street
- Industry
- 46230 Wholesale of live animals
Why it went into administration
- Management failings / irregularities
- Bad debts / customer insolvency
- Cash flow / liquidity pressure
From the administrators' statement
The Company, incorporated in March 1926, provided a livestock auctioneering and marketing service for farming customers throughout the UK.
The business is owned by over 100 shareholders with issued share capital of £240,000. The largest single shareholder is Thompson Roddick & Laurie Limited CTRL”), which holds 20.48%.
The Company operated from freehold premises at Longtown Mart and leasehold premises in Dumfries. Historically, Longtown accounted for approximately 75% of turnover.
Administrators' statement of proposals (2015-09-23) · Companies House register