T. Mullane Limited (02047004): administration
- Status
- Administration ended
- Administration began
- 2014-02-14
- Administrators' firm
- CCW Recovery Solutions
- Formerly
- Burstzoom Limited
- Incorporated
- 1986-08-15
- Location
- Tunbridge Wells
- Industry
- 42990 Construction of other civil engineering projects n.e.c.
Why it went into administration
- Cash flow / liquidity pressure
- Sustained trading losses
- Competition / price pressure
From the administrators' statement
TML, incorporated on 15 August 1986 as Burstzoom Limited, was a specialist ground works subcontractor It changed its name to T Muilane Limited with effect from 5 May 1987
TML's Managing Director, Timothy Mullane commenced trading as a sole-trader shortly after being made redundant, being when his employer entered into Administration Mr Mullane’s intention was to slowly build up trade and to re-invest any profits in the business The only funding obtained for the sole-tradership was Mr Mullane's redundancy pay
The business grew and in 1986, on the advice of his accountants, Mr Mullane incorporated the business of the sole-tradership
Administrators' statement of proposals (2014-04-01) · Companies House register