Estor Limited (01113202): administration
- Status
- Administration ended
- Administration began
- 2011-08-03
- Administrators
- Terry Evans, Kevin Anthony Murphy
- Administrators' firm
- Insolvency Practitioners of CVR Global
- Incorporated
- 1973-05-11
- Location
- Reading
- Industry
- 9302
Why it went into administration
- Property / lease costs
- Cash flow / liquidity pressure
- Creditor pressure / legal action
- Sustained trading losses
From the administrators' statement
Estor was incorporated on 11 May 1973 as a hairdresser and beauty treatment supplier The Company traded under the umbrella brand known as “The Ginger Group” in hairdressing salons across London and the South East of England
The Company secured funding in 1995 from The Royal Bank of Scotland Plc (“RBS”) through a bank overdraft facility and a business loan which was secured against the Company's assets
Historically the Company appears to have traded profitably, with salons located in the following areas traded under the branding of “The Ginger Group”
Administrators' statement of proposals (2011-09-28) · Companies House register