Carevalue Limited (02702095): administration
- Status
- Administration ended
- Administration began
- 2013-08-23
- Administrators' firm
- Begbies Traynor
- Incorporated
- 1992-03-31
- Location
- Preston
- Industry
- 70100 Activities of head offices
Why it went into administration
- Funding withdrawn / unable to refinance
- Creditor pressure / legal action
- Bad debts / customer insolvency
- Sustained trading losses
- Competition / price pressure
From the administrators' statement
The Company was incorporated in 1992, trading from leased offices in Eastham, Wirral The original directors of the Company were Gillian Price and William Price Both parties resigned in 1994 and were replaced by the current directors Paul Benson and Michael Prce In 2004 Gillan Price was reappointed along with Julie Benson These four parties make up the existing board and shareholders of the Company
The Company specialised in servicing the roof truss supply and fix market and worked on a number of prestigious jobs including Cheshire Oaks As a consequence, the Company traded successfully for a number of years and tumover peaked at over £3 million
Over recent years the Company began to specialise more in the joinery market offering full internal joinery to the existing client base This proved successful for a number of years and the Company was able to complete joinery and roof projects for a small client
Administrators' statement of proposals (2013-10-09) · Companies House register