Telford Realisations Limited (02279495): administration
- Status
- Administration ended
- Administration began
- 2013-02-13
- Formerly
- Telford Laundry Limited; Daisy's Ltd.; Way-Ahead Systems Limited
- Incorporated
- 1988-07-22
- Location
- Sheffield
- Industry
- 96010 Washing and (dry-)cleaning of textile and fur products
Why it went into administration
- Competition / price pressure
- Creditor pressure / legal action
- Energy costs
- HMRC / tax arrears
From the administrators' statement
The Company was incorporated on 22 July 1988 and commenced trading under the name WayAhead Systems Limited In 1990 the Company changed its name to Daisy's Limited and again in 1994 to Its current name of Telford Laundry Limited The Company trades from leasehold premises at Unit B3, Stafford Park 11, Telford, Shropshire, TF3 3AY
The Company operates a laundry and textile rental business The Company always traded profitably however in January 2009, the Company suffered a fire which destroyed 4,500 sq ft of factory, plant, equipment and stock The Company was covered by a 12 month Business Interruption Insurance policy and a rescue plan was immediately implemented including the outsourcing of work
The Company moved to tts current trading premises in April 2009 and the process of re-building the infrastructure needed to run the Company began It became apparent that the Company was under insured by approximately £500,000 which induced a strain on the Company's finances
Administrators' statement of proposals (2013-04-15) · Companies House register