Whitehills Farm Limited (00863554): administration
- Status
- Administration ended
- Administration began
- 2016-06-03
- Incorporated
- 1965-11-08
- Location
- Manchester
- Industry
- 01420 Raising of other cattle and buffaloes
Why it went into administration
- Cash flow / liquidity pressure
- Creditor pressure / legal action
From the administrators' statement
The Company’s primary business 1s that of a working farm raising cattle However, in addition to the farming of Cows and Sheep, Mr Thomas Briggs (“Mr Briggs”) undertook a vehicle repair business, typically repairing Tractors and motor vehicles
In 2002, Mr Briggs became the sole director of the family business when his father, Mr Cyril Briggs, retired Over the last 50 years, the Company has grown sustainably and has regularly made profits year on year The Company’s growth has been assisted by an agricultural loan from National Westminster Bank PLC, and from the funds introduced by the director through his director's loan account, the balance of which totals £144,528 as at 31 December 2014
The Company has continued to trade relatively successfully, recording a modest profit of £8,253 for the year ended 31 December 2013, and £3,046 for the year ended 31 December 2014, and it was anticipated that this level of success would continue in the future
Administrators' statement of proposals (2016-08-25) · Companies House register