Northern Handrailing Company Limited (The) (01050558): administration
- Status
- Administration ended
- Administration began
- 2014-01-10
- Incorporated
- 1972-04-19
- Location
- Bolton
- Industry
- 2010
Why it went into administration
- HMRC / tax arrears
- Creditor pressure / legal action
From the administrators' statement
The Company entered into a Company Voluntary Arrangement (“CVA”) on 11 October 2011
The terms of the Arrangement stated that the Company was to make monthly contributions of £2,000 per calendar month for a period of sixty months By early October 2013 the Company had become more than over two months tn arrears with the contributions, which constituted a formal breach of the CVA
The Company’s principal trading activity was as a manufacturer of timber staircases and handrailing systems mainly to the house building sector The Director, Mr John McCabe, advised that over the last twelve months the Company had suffered a downturn in trade, which he attributed to the ongoing impact that the recession had had on the building market
Administrators' statement of proposals (2014-02-04) · Companies House register