Wings & Fins Limited (01418289): administration and why it failed

Wings & Fins Limited (01418289): administration

Status: Administration ended
Administration began: 2015-10-23
Administrators: Michael Robert Fortune, Carl Derek Faulds
Administrators' firm: Leonard Curtis
Incorporated: 1979-05-09
Location: Fareham
Industry: 47760 Retail sale of flowers, plants, seeds, fertilizers, pet animals and pet food in specialised stores

Why it went into administration

Weather / natural events
Sustained trading losses
Cash flow / liquidity pressure
Weak consumer demand
HMRC / tax arrears
Property / lease costs
Rising interest rates

From the administrators' statement

Wings & Fins was founded by lan Buxton in 1977, when he operated as a sole trader outlet selling pet and aquatics to the retail sector from retail premises in Stockport

After a year of trading, the business had outgrown the premises in Stockport and new premises were found in Winsford, Cheshire

In 1979, lan Buxton decided to incorporate Wings & Fins Limited

Administrators' statement of proposals (2015-12-09) · Companies House register

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