A T Computers Limited (02706335): administration
- Status
- Administration ended
- Administration began
- 2015-06-16
- Administrators' firm
- KRE Corporate Recovery
- Formerly
- Wavecry Limited
- Incorporated
- 1992-04-13
- Location
- Reading
- Industry
- 47410 Retail sale of computers, peripheral units and software in specialised stores
Why it went into administration
- Sustained trading losses
- Cash flow / liquidity pressure
- Competition / price pressure
From the administrators' statement
ATC is a computer reseller that has been trading for over 20 years, and recently operated from a head office 1n Tewksbury, and leasehold shops in Swansea, Worcester, Shrewsbury and Banbury Across all sites, the Company employed circa 40 employees The Company was funded by an overdraft of £125,000 with Lloyds Bank (personally guaranteed by the director Liz Higgins) and an invoice discounting facility with LTSBIF
The business has grown considerably over the years and until 2013 was profitable The results since 2013 however have been as follows,
6 months to
Administrators' statement of proposals (2015-07-07) · Companies House register