# Vergeward Limited (01511298)

> Why UK company 01511298 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/01511298

- **Status:** Administration ended
- **Administration began:** 2011-10-13
- **Administrators' firm:** Leonard Curtis
- **Incorporated:** 1980-08-07
- **Location:** Preston
- **Industry:** 7020

## Why it went into administration

- Creditor pressure / legal action
- Property / lease costs

## From the administrators' statement

in 1880, Desmond Whitehead (deceased) ("DW") and Derek Bentham established Vergeward Limited (‘the Company”) as a vehicle to purchase land at Bolton Road Mills, Westhoughton, Bolton BL5 3JQ and the adjoining property Perseverance Mill, Westhoughton, Bolton BL5 3JQ ("the Property”)

The Company was incorporated on 7 August 1980 and commenced trading as a vehicle to purchase property from its inception The purchase of the Company was fully financed by National Westminster Bank (“Nat West’), by way of a legal mortgage

Derek Bentham and DW also had an equal share in a furniture business called Brunel Upholstery (“Brunel”) On the purchase of Bolton Road Mills and the adjoining Perseverance Mill, Brunel began to trade from those premises under a sub-let agreement

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/01511298/filing-history/MzA0ODg0MzE0MGFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/01511298

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