Coalville Glass & Glazing Co. Limited (03156028): administration
- Status
- Administration ended
- Administration began
- 2023-10-12
- Administrators
- Louise Williams, Jack Callow
- Administrators' firm
- Opus Restructuring
- Formerly
- Wholepoint UK Limited
- Incorporated
- 1996-02-06
- Location
- Milton Keynes
- Industry
- 22290 Manufacture of other plastic products
From the administrators' statement
As a consequence of the employees being made redundant on 10 October 2023 by email correspondence, and the lack of senior management presence at the Company’s premises at this time, the Joint Administrators understand that communication commenced between the former employees and the QFCH, Optimum.
It was understood that a change of control event had happened with regards to the Company’s corporate shareholder, Coalville Holdco, and that the employees had been made redundant, but Optimum had not been contacted by the purchaser, Namare, nor Neville Taylor, who was now the sole director of the Company.
Because of the change of control and apparent immediate cessation of trade, Optimum contacted Opus Restructuring LLP to discuss the matter and to understand their options with a view to protecting their security over the Company’s debtor book and chattel assets.
Administrators' statement of proposals (2023-12-07) · Companies House register