R.M.Trailers Limited (00801676): administration
- Status
- Administration ended
- Administration began
- 2011-11-14
- Incorporated
- 1964-04-20
- Location
- Fareham
- Industry
- 3410
Why it went into administration
- Sustained trading losses
- Rising costs / inflation
- Cash flow / liquidity pressure
From the administrators' statement
The company traded as designers and manufacturers of trailers, specifically boat, special purpose industrial, commercial, exhibition, generator and military trailers, for domestic and business customers The company traded on an informal agreement from premises in Prospect Road, New Alresford The freehold of the premises is owned by the current director and his brother, a former director of the company
The company was incorporated in April 1964 and was run initially by Mr David GiffordHull the current director’s father His sons Richard and Michael were directors until January 2007 when Michael resigned Both remain shareholders of the company Trading was initially funded by bank facilites from Barclays Bank Plc, but over the years the company built up reserves and the loans and overdraft were no longer necessary Consequently, although Barclays Bank Plc are still recorded at Companies House as still holding a debenture over the assets of the company, all accounts with them were closed over 15 years ago
The company had eight employees shortly before the administration The employees generally had been with the company for many years
Administrators' statement of proposals (2011-12-05) · Companies House register