Spectrum (Clothes Care) Limited (01031781): administration
- Status
- Administration ended
- Administration began
- 2011-12-08
- Administrators
- Gordon John Johnston, Shane Biddlecombe
- Administrators' firm
- Asset Recovery & Insolvency
- Incorporated
- 1971-11-19
- Location
- Southampton
- Industry
- 9301
Why it went into administration
- Funding withdrawn / unable to refinance
- Property / lease costs
- HMRC / tax arrears
- Creditor pressure / legal action
- Bad debts / customer insolvency
From the administrators' statement
The Company was incorporated on 19 November 1971 for the purpose of providing a dry cleaning and laundry service The key personnel at this time were Mr RA Terry and Mrs AM Terry There were also two silent Partners being Mr A Wotherspoon and Mrs S Wotherspoon who initially funded the business Mr and Mrs Wotherspoon were repaid at 4%
over the base rate at that time and they subsequently left the Company in 1980
In 1980, the Company opened a heel bar which proved extremely successful and improved turnover Between 1991 and 1995, the Company won three hotel contracts which also
Administrators' statement of proposals (2012-02-09) · Companies House register