R E Richardson (Chilton) Limited (00685657): administration
- Status
- Administration ended
- Administration began
- 2012-05-25
- Administrators
- Martha Hanora Thompson, Andrew Howard Beckingham
- Administrators' firm
- BDO
- Incorporated
- 1961-03-08
- Location
- Reading
- Industry
- 38320 Recovery of sorted materials
Why it went into administration
- Loss of a key customer, supplier or contract
- Cash flow / liquidity pressure
From the administrators' statement
21 The Company was incorporated on 8 March 1961. The Company initially operated a landfill site and the business subsequently expanded to include a waste transfer station with a weigh bridge, segregated tipping bays, hazardous waste compound and bulk storage areas for wood and soil The Company also began to provide waste management services such as skip, container and wheelie bin hire.
22 The Company’s Financial Statements for the years ended 31 July 2009 and 2010 show turnover of £3,146,930 and £3,122,996, generating net profit of £16,275 and £103,200 respectively
23 Following the loss of key contracts the Company began to incur losses as it was unable to replace these and struggled to maintain profitability on its remaining operations
Administrators' statement of proposals (2012-07-18) · Companies House register