02079397 Limited (02079397): administration
- Status
- Administration ended
- Administration began
- 2013-08-15
- Formerly
- NWG UK Limited; Able UK Holdings Limited; Able UK Limited; Able (UK) Limited; Trailborder Limited
- Incorporated
- 1986-12-02
- Location
- Leeds
- Industry
- 99999 Dormant Company
Why it went into administration
- HMRC / tax arrears
- Creditor pressure / legal action
From the administrators' statement
NWG UK Ltd (formerly Able UK Holdings Limited), was incorporated in 1986 as Able UK Limited, initially to purchase redundant brownfield sites for reclamation and re-development
One of the first acquisitions was the redundant North Tees Power Station, a coal fired power station commissioned in the 1950°’s This was demolished, the land decontaminated and reclaimed and is now known as Billingham Reach Industrial Estate
Other examples of similar projects are an ex- RAF Station, Gas Works, Oil Terminal and decommissioning of marine structures from the offshore oil and gas industry The company traded successfully and in 2004, the then directors decided to develop a younger management team with the intention of devolving management control including the appointment of a Group MD, a new post within the structure With this in mind and considering the asset base which had been built up over the previous years, the Directors sought to protect the assets from the possibility of bad management decisions, in the future and sought advice from the then auditors and financial advisers, Vantis, as to how best to ensure the core value of the business may be best preserved
Administrators' statement of proposals (2013-10-10) · Companies House register