R Elliott & Company Limited (00808216): administration
- Status
- Administration ended
- Administration began
- 2013-06-03
- Incorporated
- 1964-06-08
- Location
- Fareham
- Industry
- 18129 Printing n.e.c.
Why it went into administration
- Competition / price pressure
- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure
- Creditor pressure / legal action
- Loss of a key customer, supplier or contract
- Sustained trading losses
From the administrators' statement
21 The business was formed in 1948 by Reginald Elliott and it carried on business as ticket and poster writers and commercial sign writers, supplying handwritten display material to shops and other businesses in the Portsmouth area
22 The company was incorporated in June 1964 John Galley acquired the business in 1979 and was appointed a director Simon Galley joined the company in 1985 and became a director Latterly, the company has traded from five premises in Alchorne Place, Portsmouth, as follows
Property | Landlord Basis of occupation Unit 1 Portsmouth City Council 99 year lease (66 years unexpired) | Unit 2 Simon Galley’s parents Informal rental | Unit 3 | Simon Galley’s pension scheme Informal rental Unit 4 Simon Galley’s pension scheme Eight year lease (one year unexpired) Unit 5 Mr Smith ta AMS Informal rental
Administrators' statement of proposals (2013-07-26) · Companies House register