Surf Sales Limited (01616327): administration
- Status
- Administration ended
- Administration began
- 2014-03-14
- Administrators
- Carl Stuart Jackson, Kelly Joanne Mitchell
- Administrators' firm
- Quantuma
- Incorporated
- 1982-02-23
- Location
- Southampton
- Industry
- 46180 Agents specialised in the sale of other particular products
Why it went into administration
- Creditor pressure / legal action
- Weather / natural events
- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure
- Bad debts / customer insolvency
From the administrators' statement
The Company was incorporated in February 1982, the current directors are Graeme Fuller and Louse Fuller Both are shareholders of the Company, Louise Fuller holds 400 ordinary shares and Graeme Fuller holds 400 ordinary shares and 200 ordinary A shares
The Company initially traded from offices at 182 Bexhill Road, Hastings The Company moved to its current premises at North Close Business Park in Folkestone, Kent in 1990 when the current directors acquired all of the shares of the Company.
The Company was inttially formed to act as a vehicle to be the sole distrbutor of Mistral Windsurfing products for the UK, trading on an open account with Mistral Windsurfing who had a legal charge over domestic property owned by the director, Graeme Fuller.
Administrators' statement of proposals (2014-05-13) · Companies House register