WR Refrigeration Limited (00594746): administration
- Status
- Administration ended
- Administration began
- 2013-10-22
- Administrators' firm
- PwC
- Formerly
- Wathes Refrigeration Limited; Wathes Refrigeration Limited; Packer & Craven Limited
- Incorporated
- 1957-12-04
- Location
- Leeds
- Industry
- 33120 Repair of machinery
Why it went into administration
- Creditor pressure / legal action
- HMRC / tax arrears
- Loss of a key customer, supplier or contract
- Funding withdrawn / unable to refinance
- Sustained trading losses
From the administrators' statement
Kaupthing are the shareholders of Huure Group OY and also provided secured debt facilities to the UK Group.
Since early summer 2013, PwC has held a number of meetings with Huure Group OY and Kaupthing to discuss a number of issues facings WR. These included:
« WR had been experiencing difficult trading conditions which led to funding of £1.5million being provided, which was required mainly to manage existing supplier pressures including HMRC. This was in addition to amounts already recerved by the Company from the Group which at this point were substantial; and
Administrators' statement of proposals (2013-12-31) · Companies House register