Jonathan Vaughan (Holdings) Limited (02554584): administration
- Status
- Administration ended
- Administration began
- 2011-04-13
- Administrators' firm
- Begbies Traynor
- Incorporated
- 1990-11-02
- Location
- Leicester
- Industry
- 7415
Why it went into administration
- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure
- HMRC / tax arrears
- Parent or group failure
From the administrators' statement
Jonathan Vaughan (Holdings) Limited (“VHL”) was incorporated in November 1990 as the holding company for Vaughans of Leicester Limited (“VLL”) and Vaughan Farms Limited (“VFL”) The core business was the manufacture, supply and installation of temporary flooring and access systems VHL developed the systems and VLL supplied (on a retail basis) and hired out the flooring systems VFL operated Bridgemere Farm in Leicester and Village Farm, East Portlemouth tn Devon ("the Properties”)
VHL, VLL and VFL have been trading for over 20 years under the primary control of Jonathan Vaughan (“JV”) Mr Vaughan ts the ultimate shareholder of VHL
In 2007, the operations of VLL were split to form three further companies Prima Direct (International) Limited, Prima Hire Limited and Vaughans of Leicester (Land & Aerosystems) Limited (“L&A”) VLL effectively became a dormant company This restructure of the group was on the recommendation of the auditors for tax purposes and to better manage the group of companies
Administrators' statement of proposals (2011-06-13) · Companies House register