N & Walk Realisations Limited (00433999): administration
- Status
- Administration ended
- Administration began
- 2012-07-12
- Administrators
- Brian Green, Paul Andrew Flint
- Administrators' firm
- KPMG
- Formerly
- Naylor & Walkden,Limited
- Incorporated
- 1947-04-26
- Location
- Manchester
- Industry
- 4521
Why it went into administration
- Supply chain disruption
- Cash flow / liquidity pressure
- Creditor pressure / legal action
- Bad debts / customer insolvency
- Competition / price pressure
From the administrators' statement
Naylor & Walkden Limited was incorporated on 26 April 1947
The Company operated from freehold premises in Chorley, Lancashire as a building contractor in the shop-fitting, healthcare and educational sector, with two distinct divisions a construction element and a shop-fitting element The Company’s turnover for the year ended 31 March 2011 was £13 2 million, reporting a profit after tax of £132,000
The Company 1s a subsidiary of Bravell Limited, an intermediate property holding company, the ultimate parent of which is Naylor & Walkden (Holdings) Ltd Bravell Limited was placed into administration on 23 July 2012 by virtue of the insolvency of its subsidiary, Naylor & Walkden Limited and the cross guarantees held by the secured creditors within the Group .
Administrators' statement of proposals (2012-09-10) · Companies House register