LBS Worldwide Limited (02961161): administration
- Status
- Administration ended
- Administration began
- 2017-10-16
- Administrators
- Philippa Smith, Kate E Breese
- Administrators' firm
- Begbies Traynor
- Formerly
- L.B.S. Horticulture Limited; Hortissentials Limited
- Incorporated
- 1994-08-23
- Location
- Colne
- Industry
- 46900 Non-specialised wholesale trade
Why it went into administration
- Funding withdrawn / unable to refinance
- Creditor pressure / legal action
- Property / lease costs
From the administrators' statement
Please see attached at Appendix A, a group structure chart of Companies within the Group at the date Walsh Taylor was first consulted by LBS.
The business commenced trading in 1969 selling polythene to cover bales of hay in fields. It expanded into selling a wide range of horticultural supplies and in the 1980's moved to the premises at Standroyd Mill, Cottentree, Cone, Lancashire, BB8 7BW, (at that time owned by Margaret and Peter Wolfenden and subsequently gifted to Anne, Geoff and lan Wolfenden).
In 1991 the business acquired a poly tunnel business and buildings in Olmskirk, Northern Polytunneis, out of Administration and later renamed to NP Structures Limited.
Administrators' statement of proposals (2018-01-31) · Companies House register