Belstane Marketing Limited (03120342): administration
- Status
- Administration ended
- Administration began
- 2013-03-28
- Administrators' firm
- FRP Advisory
- Formerly
- Expresscount Limited
- Incorporated
- 1995-10-31
- Location
- Leciester
- Industry
- 47990 Other retail sale not in stores, stalls or markets
Why it went into administration
- Sustained trading losses
- Creditor pressure / legal action
From the administrators' statement
The Company started trading in October 1995 and operated from leasehold premises in Ashbourne, Derbyshire, as an agent and distributor of country sport and agricultural clothing.
The Company suffered after the supplier of its best selling product terminated tts relationship with the Company approximately 18 months ago Turnover dropped significantly, after this sales line was lost. This had a severe and adverse impact on the Company.
The reduction in turnover put pressure on the Company's cash flow and resulted in increasing pressure from creditors. A statutory demand from an Italian creditor was issued to the Company on 19 February 2013, The directors took action to protect the Company and the creditors as a whole by taking advice on the Company's solvency and options,
Administrators' statement of proposals (2013-05-22) · Companies House register