Ganestate Logistics Limited (01136070): administration
- Status
- Administration ended
- Administration began
- 2016-04-13
- Administrators
- Andrew Andronikou, Peter Kubik
- Administrators' firm
- Quantuma
- Formerly
- Ganestate Limited
- Incorporated
- 1973-09-25
- Location
- London
- Industry
- 52103 Operation of warehousing and storage facilities for land transport activities
Why it went into administration
- Property / lease costs
- Funding withdrawn / unable to refinance
- Creditor pressure / legal action
- Regulatory change or action
- Competition / price pressure
From the administrators' statement
The Company was incorporated on 25 September 1973 as Ganestate Limited in order to hold property assets.
In 2010 the name was changed to Ganestate Logistics Lumited and the Company obtained a commercial lease on a warehouse to facilitate a palette storage contract with United Biscuits (UK) Limited (‘UB’).
The former director and current shareholder, Troy Lee, had a previous relationship with UB and had experience in commercial warehousing.
Administrators' statement of proposals (2016-06-13) · Companies House register