Boldscan Limited (01971299): administration
- Status
- Administration ended
- Administration began
- 2019-01-23
- Incorporated
- 1985-12-16
- Location
- London
- Industry
- 13922 manufacture of canvas goods, sacks, etc.
Why it went into administration
- Property / lease costs
- Creditor pressure / legal action
From the administrators' statement
On 28 December 2018, an initial meeting took place with the Board of Directors and Samuel Talby of PCR (Bristol) LLP to determine the status of the Company and its solvency. Having reviewed the financial position, it was clear that the Company was under extreme creditor pressure and steps should be taken to liquidate the Company.
PCR were subsequently instructed by the Directors to assist them in preparing an Estimated Statement of Affairs, convening a meeting of the Company’s members and seeking a decision from the creditors on the appointment of a Liquidator. Shortly thereafter notification was issued to creditors.
On 7 January 2019 the Landlord of the Tonedale property, where the majority of the Company’s assets were located, made contact asking how the rent was going to be paid. The Landlord advised that he was owed significantly more in arrears of rent than £4,828 shown in the Company’s books. However, the Directors advised that the Landlord owed amounts in excess of the rent and this information was relayed to the Landlord.
Administrators' statement of proposals (2019-04-17) · Companies House register