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Willjo Ltd (01136976): administration

Status
Administration ended
Administration began
2013-05-31
Administrators
Daniel James Mark Smith, William Kenneth Dawson
Administrators' firm
Deloitte
Formerly
A.B.C. Aerials Limited; A.B.C. Aerials (Wholesale) Limited
Incorporated
1973-10-01
Location
Manchester
Industry
68209 Other letting and operating of own or leased real estate

Why it went into administration

From the administrators' statement

The business was established in 1973 The principal activity of the Company was the manufacture and supply of aerials and component parts until approximately 2010

The Company ceased to trade in 2010 due to financial difficulties, and the subsidiary (Leaco) was left to service the combined debts of both companies as the lending to each company was cross-collateralised by the other The Company retained the property and land at the site in Wigan which consists of a warehouse and attached office block, 4 industrial units and a large hard surfaced open storage area The primary source of revenue for the Company was the rental income from the two tenants at the site, Leaco and another non-related company

The Company changed its name from ABC Aerials Limited to Willjo Limited on 7 February

Administrators' statement of proposals (2013-07-19) · Companies House register

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Willjo Ltd (01136976)

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