companydig

Robert D. Webster Limited (01100550): administration

Status
In administration
Administration began
2025-09-22
Administrators
Sean Williams, Philip Deyes
Administrators' firm
Leonard Curtis
Incorporated
1973-03-08
Location
Leeds
Industry
46140 Agents involved in the sale of machinery, industrial equipment, ships and aircraft

Why it went into administration

From the administrators' statement

The Company was a well established family business which incorporated on 8 March 1973 and commenced to trade shortly thereafter. The principal trading activity of the Company was the sale and maintenance of agricultural equipment.

Generally the Company traded profitably until an eighteen month period ended June 2016, when it suffered a loss of £1.6m after tax. This resulted in a review being conducted by the Company and changes made in respect of the board of directors with certain of the long standing directors stepping aside to become non executive directors, while still being Company employees, with new directors taking over the day to day running of the Company. There then followed a period, between 2017 and 2023, when the results of the Company fluctuated between profit and loss.

In 2024 Robert Webster and his son James Webster returned to the board as executive directors with a view to arresting the decline of the Company’s trading activities. Prior to their appointment the Company had experienced problems as a consequence of the late filing of or delayed filling of accounts, which impacted the Company’s ability to obtain stock finance facilities and having issues with the operation of its banking facilities. This had the temporary effect of delaying payments to trade suppliers, which ultimately led to the reduction or removal of credit facilities with some suppliers.

Administrators' statement of proposals (2025-11-18) · Companies House register

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Robert D. Webster Limited (01100550)

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