# IAN and Mary Powney Limited (01302695)

> Why UK company 01302695 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/01302695

- **Status:** Administration ended
- **Administration began:** 2013-12-13
- **Incorporated:** 1977-03-15
- **Location:** Manchester
- **Industry:** 47721 Retail sale of footwear in specialised stores

## Why it went into administration

- Creditor pressure / legal action

## From the administrators' statement

The Company was mcorporated on 15 March 1977 under Company number 01302695. The Company operated a number of shoe stores from leased retail outlets in Kendal, Morecambe and Cleveleys, together with seven concessionary units in stores around the Lancashire area

The Company also owns a building, Yard 34, Market Place, Kendal, LA9 4TN, which is currently leased and being marketed for sale by Michael Hodgson, chartered surveyors and estate agents based in Kendal.

Following a poor period of trading and increasing creditor pressure the director approached an insolvency practitioner to seek advice in relation to a possible Creditors’ Voluntary Arrangement or an admunistration appointment with a pre-packaged sale of the business and assets.

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/01302695/filing-history/MzA5NTE1MTc1M2FkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/01302695

Contains public sector information from Companies House, licensed under the Open Government Licence v3.0.