Bellwoven Company Limited (02175724): administration
- Status
- Administration ended
- Administration began
- 2011-09-01
- Administrators
- John Christopher Sallabank, Paul Robert Boyle
- Administrators' firm
- Harrisons Business Recovery and Insolvency
- Formerly
- Bell Woven Label Company Limited; Brakel Weaving Limited; Buildset Limited
- Incorporated
- 1987-10-08
- Location
- Salford
- Industry
- 1754
Why it went into administration
- Funding withdrawn / unable to refinance
- Competition / price pressure
- Cash flow / liquidity pressure
- HMRC / tax arrears
- Property / lease costs
From the administrators' statement
The company was incorporated in October 1987 as Buildset Limited and changed its name to Brakel Weaving Limited on 24 November 1987. The company again changed its name to Bell Woven Label Company Limited on 8 November 1994, following the purchase of the business and assets of Bell Woven Label Co Limited from its administrative receivers The company again changed its name to its current style on 28 January 2005
The principal activity of the company was the manufacture of woven labels
From November 1994 onwards the company traded from the former premises of Bell Woven Label Co. Limited at Bell Woven House, New Market Street, Colne, Lancashire BB8 9DA These were purchased from the Administrative Receivers into a company Estatenews Limited, a company owned and managed by Mr Hans and Mrs Helga Brabender The premises are subject to a commercial lease which has 5 years left to run at an annual rent of £77000
Administrators' statement of proposals (2011-09-16) · Companies House register