Winsford Sawmills Limited (02733662): administration
- Status
- Administration ended
- Administration began
- 2011-06-30
- Administrators
- John Malcolm Titley, Andrew Poxon
- Administrators' firm
- Leonard Curtis
- Formerly
- Smee Profiles Limited
- Incorporated
- 1992-07-23
- Location
- Bury
- Industry
- 2010
From the administrators' statement
31 The Company was incorporated in July 1992 however the Company remained dormant until May 2010 when the Company acquired the business of Smee Timber Limited which was placed into liquidation
32 The Company latterly traded from leasehold premises at Smoke Hall Lane Industral Estate, Winsford, Cheshire The pnncipal trading activity of the Company was as a wood manufacturer On our appointment, the Company employed 29 staff All employees were made redundant following our appointment
33 The Company was funded by way of an invoice finance agreement held with HSBC Invoice Finance (UK) Limited who held secunty by way of a debenture created on 8 Apnl 2010 The Company also operated a current account with HSBC Bank Plc who provided an overdraft facility The Company also received funding by way of a loan from Smee Holdings Limited in the sum of £152,197 which was secured by way of a debenture dated 12 August 2010
Administrators' statement of proposals (2011-08-23) · Companies House register