# Georgian Hire Limited (03153324)

> Why UK company 03153324 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/03153324

- **Status:** Administration ended
- **Administration began:** 2011-06-27
- **Administrators:** Timothy Colin Hamilton Ball, Roderick John Weston
- **Administrators' firm:** Mazars
- **Incorporated:** 1996-01-31
- **Location:** Bristol
- **Industry:** 7134

## Why it went into administration

- Sustained trading losses
- Rising costs / inflation
- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure
- Creditor pressure / legal action
- Management failings / irregularities
- Competition / price pressure

## From the administrators' statement

The Company was incorporated on 31 January 1996 and traded predominantly as a portable toilet hirer, operating throughout the South of England

The company was jointly owned upon incorporation by Mr Jones and Mr Newman, until 6 April 2010 Mr Newman suffered from ill health and resigned as a director and disposed of his | £1 ordinary share at around this time The company’s annual return details that the company purchased this share, but I have been advised by Mr Jones that this was an error and it was in fact purchased by him.

As a result of the general economic conditions, in the year ended 31 January 2009, the company made a loss of £138,899 on a turnover of approximately £19 million The Company’s net assets were approximately £256,100 at this time.

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/03153324/filing-history/MzA0MTg0MTE4MmFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/03153324

Contains public sector information from Companies House, licensed under the Open Government Licence v3.0.