C&G Realisations Limited (01312438): administration
- Status
- Administration ended
- Administration began
- 2020-08-11
- Administrators' firm
- Mazars
- Formerly
- Collister & Glover (Pipeline Materials) Limited
- Incorporated
- 1977-05-04
- Location
- Manchester
- Industry
- 46740 Wholesale of hardware, plumbing and heating equipment and supplies
Why it went into administration
- COVID-19
- Funding withdrawn / unable to refinance
- Sustained trading losses
- Competition / price pressure
- Creditor pressure / legal action
- Bad debts / customer insolvency
- Credit insurance / supplier credit withdrawn
- Weather / natural events
From the administrators' statement
3.1.1 Collister & Glover (Pipeline Materials) Limited (‘C&G’) (‘the Company’) was founded by John Collister (‘the director’) and John Glover and incorporated in May 1977, initially trading from premises in Hooton, Wirral. The business originally had four shareholders, who were bought out by John Collister over a period of time, culminating with John Glover selling his shares in 1998 which John & Denise Collister gained full control of the Company.
3.1.2 In 1980, the Company relocated to Deeside Industrial Estate, Deeside initially occupying two rented units of 3,000 sq. feet before moving to a purpose built 12,000 sq. ft leasehold premises on Zone 3, Deeside Industrial Estate in 2005.
3.1.3 C&G was originally set up to operate in the engineering distribution sector, offering a one stop shop supplying engineering products, with a customer base mainly within North Wales & Northern England.
Administrators' statement of proposals (2020-10-20) · Companies House register