Duchy Timber Limited (00912830): administration
- Status
- Administration ended
- Administration began
- 2013-11-04
- Administrators' firm
- Evelyn Partners
- Formerly
- A and B High Ltd; Penwell Limited
- Incorporated
- 1967-08-09
- Location
- Exeter
- Industry
- 16100 Sawmilling and planing of wood
Why it went into administration
- Creditor pressure / legal action
- Competition / price pressure
- Funding withdrawn / unable to refinance
- Weather / natural events
From the administrators' statement
Duchy Timber Ltd was acquired by the current owners in July 2011 The buyers were David Adam and Russell Stevens through their companies, Courtyard Designs Ltd and Timber Projects Ltd The business had originally been set up the Duchy of Cornwall tn the late 1960’s and was sold in 1995 to A & B High Ltd
The business operated a sawmill at Lostwithiel and two merchant depots, one at Ottery St Mary, near Exeter and the other at Torquay Ail of the sites provided timber products and associated goods to both trade and the general public
All sites operated their own delivery vehicles in order to have complete control of delivery to customers All sites traded Monday to Friday and Saturday mornings
Administrators' statement of proposals (2013-12-31) · Companies House register