Multi Weldmesh Limited (01960032): administration
- Status
- Administration ended
- Administration began
- 2019-11-22
- Administrators' firm
- Dow Schofield Watts
- Incorporated
- 1985-11-15
- Location
- Warrington
- Industry
- 25930 Manufacture of wire products, chain and springs
Why it went into administration
- HMRC / tax arrears
- Cash flow / liquidity pressure
- Creditor pressure / legal action
- Brexit
From the administrators' statement
The Company was incorporated on 15 November 1985 with Cedric Delooze, Graham Delooze, Kathleen Delooze, Lucian Jan Delooze and Ines Birtwistle appointed as directors of the Company. The Company’s issued share capital consisted of 100 ordinary shares, with Cedric Delooze holding 30 ordinary shares, Kathleen Delooze holding 22 ordinary shares and Graham Delooze, Jan Delooze and Ines Birtwistle each holding 16 ordinary shares.
The Company traded from freehold premises at Widow Hill Road, Heasandford Industrial Estate, Burnley,
The Company obtained an overdraft facility with National Westminster Bank Pic (“Natwest”) in April 1997. As security for the facility, the Company granted charges to Natwest over the freehold property. There is currently no outstanding liability owed to Natwest.
Administrators' statement of proposals (2020-01-16) · Companies House register