G.B. Optical Limited (02549737): administration
- Status
- Administration ended
- Administration began
- 2018-02-19
- Administrators
- Michael Simister, Neil Henry
- Administrators' firm
- Begbies Traynor
- Incorporated
- 1990-10-18
- Location
- Altrincham
- Industry
- 47782 Retail sale by opticians
Why it went into administration
- Property / lease costs
- Competition / price pressure
From the administrators' statement
21 The Company was incorporated on 18 October 1990 with Malcolm Race and Sandra Race being the directors and shareholders of the Company. The company’s share capital at the time of incorporation was 100 Ordinary £1 shares. Sandra Race held one share whilst the other 99 shares were held by Hilton Nominees Limited. The shareholding was changed on 10 November 2002 with the 99 shares being transferred to Malcolm Race. Since incorporation, Sandra Race has been the secretary of the Company.
2.2 Prior to the incorporation of the company, the director's operated under the trading style MR Enterprises selling discontinued frames to opticians. This business subsequently changed its name to MR Optical and whilst still selling frames, they branched out into glazing, which led to the incorporation of the Company.
2.3. The Company’s principal trading activity since incorporation was that of an Optician and glazers. The Company traded successfully for a number of years from leasehold premises situated at 146 London Road, Hazel Grove, Stockport, SK7 4DJ. A second trading premises was operated at 127 London Road, Hazel Grove under the trading style Giggs and Binns, however, due to a rent increase being imposed, the decision was taken to close these retail premises in 2007.
Administrators' statement of proposals (2018-04-23) · Companies House register