Ennis Caravans Limited (02785283): administration
- Status
- In administration
- Administration began
- 2024-11-11
- Administrators
- David Gerard Kirk, Wendy George
- Administrators' firm
- Harrisons Business Recovery and Insolvency
- Formerly
- Ennis Leisure Limited
- Incorporated
- 1993-02-01
- Location
- Hereford
- Industry
- 45190 Sale of other motor vehicles
Why it went into administration
- Cash flow / liquidity pressure
- Rising costs / inflation
From the administrators' statement
3.1 The meeting held on 24 October 2024 was attended by Wendy George and Donna Cassar of Kirks, the Company’s accountant, the Company's directors and the directors’ wives. The directors advised that there were insufficient funds available to meet the payroll costs that would be due imminently, together with the Company’s other liabilities.
Options were discussed, including the possibility of entering into a Company Voluntary Arrangement (“CVA”) or restructuring to concentrate on the maintenance side of the business only. Additionally, the option of a sale of the business or part of the business was discussed,
It was deduced that the Company could not continue to trade as it had insufficient funds available to do so.
Administrators' statement of proposals (2025-01-10) · Companies House register