W. S. Slater & Co. Limited (00533563): administration
- Status
- Administration ended
- Administration began
- 2019-04-02
- Administrators
- Andrew Poxon, Katy Mcandrew
- Administrators' firm
- Leonard Curtis
- Incorporated
- 1954-05-21
- Location
- Manchester
- Industry
- 10821 Manufacture of cocoa and chocolate confectionery
Why it went into administration
- HMRC / tax arrears
- Weak consumer demand
- Cash flow / liquidity pressure
- Sustained trading losses
- Competition / price pressure
- Weather / natural events
From the administrators' statement
The Company was incorporated on 21 May 1954 and commenced to trade shortly following its inception. The principal trading activity of the Company was the manufacture and sale of fudge & rock.
The business was initially capitalised through the introduction of funds by its Shareholders. Throughout the lifespan of the business the Company relied on various loans and had granted security to a number of different funders. At the date of the Administration, the Company had outstanding charges registered against it by Bibby, RBSIF and NatWest.
3.3
Administrators' statement of proposals (2019-06-11) · Companies House register