W.T. Endacott Limited (00992228): administration
- Status
- Administration ended
- Administration began
- 2018-02-27
- Administrators' firm
- RSM
- Incorporated
- 1970-10-20
- Location
- Nottingham
- Industry
- 10710 Manufacture of bread; manufacture of fresh pastry goods and cakes
From the administrators' statement
W.T. Endacott Limited was incorporated in October 1970 and operated two bakery shopfronts in the village of Okehampton. The Company sold its produce to the public and also through wholesale agreements with local shops, cafes, hotels and pubs
The shares of the Company were purchased by the current shareholder in 2017. Following the purchase of these shares, the Company was funded by Thincats Loan Syndicates Limited (“Thincats”). Additional funding was provided after the share purchase to provide working capital, however, the Company was not able to meet the repayments due to Thincats under this lending
The Company’s financial information was severely lacking, however, the Company's continued inability to repay scheduled loan repayments demonsirated its cashflow insolvency.
Administrators' statement of proposals (2018-04-29) · Companies House register