Waverleytbs Limited (00367326): administration
- Status
- Administration ended
- Administration began
- 2012-10-02
- Administrators' firm
- Deloitte
- Formerly
- The Beer Seller Limited; William Seymour & Co.(Sherborne)Limited
- Incorporated
- 1941-05-26
- Location
- Manchester
- Industry
- 46341 Wholesale of fruit and vegetable juices, mineral water and soft drinks
Why it went into administration
- Weak consumer demand
- Funding withdrawn / unable to refinance
- Credit insurance / supplier credit withdrawn
From the administrators' statement
The business was incorporated in May 1941 and the principal business activity of the Company was the tmport and wholesale of wine, beer, spirits and other alcoholic beverages as well as non-alcoholic beverages such as soft drinks, fruit yuice and mineral water
The Company was previously owned by Heineken UK Limited and in June 2010, Heineken UK Limited sold 100% of the share capital to HIGL as part of a MBO by the Company's management Following the sale to HIGL, the Company has gone through a period of restructuring and performance improvement in an attempt to increase gross margins and reduce overheads
The Company operated from several sites across the UK The head office was located in Chesterfield The two main trading hubs with bonded warehouses were located at Gateshead and Hemel Hempstead and there is an office in Wincanton The Company also used three sites in Avonmouth, Haydock and Glasgow as radial points where stock was held and several other transit points throughout the country, from which the stock was distributed direct to customers
Administrators' statement of proposals (2012-11-13) · Companies House register