# Railex Limited (00527656)

> Why UK company 00527656 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/00527656

- **Status:** Administration ended
- **Administration began:** 2014-07-17
- **Formerly:** Railex Systems Limited
- **Incorporated:** 1954-01-04
- **Location:** Stoke Prior
- **Industry:** 17230 Manufacture of paper stationery

## Why it went into administration

- Funding withdrawn / unable to refinance
- Property / lease costs

## From the administrators' statement

The company was incorporated in January 1954 and was purchased by the current Director and shareholder in December 2013 Following its acquisition in December 2013, the company has not had a trading business and has been utilised as a holding company for its three wholly owned subsidiary compantes, Rallex (Storage) Limited - In Liquidation (“Storage”), Ratlex (Filing) Limited (“Filing”) and Tabfile Limited (“Tabfile”)

Prior to the acquisition, the company had sold its freehold property and plant and machinery

Storage was placed into Creditors’ Voluntary Liquidation in March 2014 and subsequently the company received a claim from the landlord of the trading premises that had been occupied by Storage, for unpaid and future rent under a cross guarantee that had been provided by the company

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/00527656/filing-history/MzEwNDcwOTU3NmFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/00527656

Contains public sector information from Companies House, licensed under the Open Government Licence v3.0.