Holt and Martin Limited (01519130): administration
- Status
- Administration ended
- Administration began
- 2014-07-25
- Administrators
- Craig Johns, Jason Mark Elliott
- Administrators' firm
- Johns of Cowgill Holloway Business Recovery
- Incorporated
- 1980-09-26
- Location
- Bolton
- Industry
- 33190 Repair of other equipment
Why it went into administration
- HMRC / tax arrears
- Creditor pressure / legal action
- Funding withdrawn / unable to refinance
- Bad debts / customer insolvency
- Competition / price pressure
From the administrators' statement
The Company was incorporated on 26 September 1980 and specialised in the supply, repair and rewind of electrical motors and generators, selling into approximately 30 clients across
a range of industries
The Company owns and traded from a property at 100 — 102 Gigg Lane, Bury (“the Property”) The Property 1s subject to a legal charge in favour of Barclays Bank PLC (“Barclays”) which was created on 28 February 1986 and registered on 18 March 1986
Administrators' statement of proposals (2014-08-21) · Companies House register