Ashley Electrical Wholesalers Limited (02055142): administration
- Status
- Administration ended
- Administration began
- 2023-04-25
- Formerly
- Newcircuit Limited
- Incorporated
- 1986-09-15
- Location
- Walsall
- Industry
- 46439 Wholesale of radio, television goods & electrical household appliances (other than records, tapes, CD's & video tapes and the equipment used for playing them)
Why it went into administration
- Creditor pressure / legal action
- COVID-19
From the administrators' statement
Creditors should note that, unless otherwise stated, this section of my proposals has been prepared based on information provided to me by the directors of the Company and not from my personal knowledge as Administrator.
The business began trading in 1985 and was incorporated as a limited company in September 1986. The Company traded as an electrical wholesaler from its trading address at Unit 3, 101 Ettingshall Road, Wolverhampton WV2 2JP.
The Company purchased this property in January 1987 using a loan from National Westminster Bank Plc which was secured by two fixed and floating charges created on 21 January 1987 and 30 January 1987.
Administrators' statement of proposals (2023-06-07) · Companies House register