M. Abelson Limited (01387504): administration
- Status
- Administration ended
- Administration began
- 2025-05-30
- Administrators
- Edward Avery-Gee, Daniel Mark Richardson
- Administrators' firm
- CG&Co
- Incorporated
- 1978-09-06
- Location
- Manchester
- Industry
- 46480 Wholesale of watches and jewellery
Why it went into administration
- Property / lease costs
- Creditor pressure / legal action
- HMRC / tax arrears
From the administrators' statement
3.1. | The main probiem that latterly arose related to the advice obtained in respect of the Company's trading premises, which resulted in the Company facing arrears of rent of circa £50,000.
3.2 As aresult of the rent arears, the landlord instructed a bailiff to issue a Notice of enforcement ("Notice"). The Notice was issued on 24 April 2025. Whilst the Company has assets, the business was unable to service the debt due and as result, the Directors approached CG&Co on 29 May 2025 for formal insolvency advice.
3.3. The options available were discussed with the Directors and the decision was ultimately made by the Directors that the Company should enter into Administration. The Directors gave CG&Co instructions to commence with the proceedings.
Administrators' statement of proposals (2025-07-23) · Companies House register