00557167 Limited (00557167): administration
- Status
- Administration ended
- Administration began
- 2016-05-18
- Administrators
- Gareth Harris, Keith Allan Marshall
- Administrators' firm
- RSM
- Formerly
- Bolehill Quarries Limited
- Incorporated
- 1955-11-11
- Location
- Leeds
- Industry
- 23700 Cutting, shaping and finishing of stone
Why it went into administration
- HMRC / tax arrears
- Cash flow / liquidity pressure
- Sustained trading losses
From the administrators' statement
Brief background
Realstone Limited (“the Company’ or “Realstone”) was incorporated on 11 November 1955 as Bolehill Quarries Limited and changed its name to Realstone Limited on 21 April 1992 The Company has traded as a bespoke manufacturer of stone products, involving cutting, shaping and finishing of stone for the construction sector Following closure of the Scotland operations in 2013 and Lazonby, Cumbria in 2015, at the date of administration operations were based solely at freehold premises at Bolehill Quarry, Wingerworth, Chesterfield
The Company was owned by the Gregory family until 2009 when the family’s interest was subject to a management buy-out Since then, the Company has been a wholly owned subsidiary of Realstone (Holdings) Limited (“Holdings”) The beneficial owners of Holdings are lain Kennedy (31%) Stephen Wright (18%) and Andrew Gregory (18%) all of whom are directors and Paul Bailey (18%), John Thompson (9%) and Jill Avent (6%), who are not directors of the Company and were not actively involved in running the business
Administrators' statement of proposals (2016-07-20) · Companies House register