# Spectrum (Clothes Care) Limited (01031781)

> Why UK company 01031781 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/01031781

- **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- Funding withdrawn / unable to refinance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

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/01031781/filing-history/MzA1MjE4NTYzM2FkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/01031781

Contains public sector information from Companies House, licensed under the Open Government Licence v3.0.