Rapid Hardware Limited (01033125): administration
- Status
- Administration ended
- Administration began
- 2013-02-05
- Administrators
- Phillip Francis Duffy, Sarah Helen Bell
- Administrators' firm
- Kroll
- Formerly
- Rapid Discount Home-Garden Centres Limited; Rapid Discount Supermarkets Liverpool Limited
- Incorporated
- 1971-12-01
- Location
- Manchester
- Industry
- 47190 Other retail sale in non-specialised stores
Why it went into administration
- Cash flow / liquidity pressure
- Weak consumer demand
- Credit insurance / supplier credit withdrawn
From the administrators' statement
Statutory information on the Company and a summary of Its financial history is included at Appendix 1
The Company was incorporated in 1971 and has traded for over 40 years, remaining in family ownership since it was established by Hugh Doherty
The Company !s in a group of three companies, it Is a subsidiary of Holdings, a company that is also the parent company of PropCo
Administrators' statement of proposals (2013-04-08) · Companies House register