Winchester 1234 Limited (03176397): administration
- Status
- Administration ended
- Administration began
- 2011-07-06
- Administrators
- James Richard Tickell, Carl Derek Faulds
- Administrators' firm
- Leonard Curtis
- Formerly
- W. Churches & SON Limited; Saleswork Limited
- Incorporated
- 1996-03-21
- Location
- Fareham
- Industry
- 9305
Why it went into administration
- Competition / price pressure
- HMRC / tax arrears
- Sustained trading losses
- Funding withdrawn / unable to refinance
- Bad debts / customer insolvency
- Property / lease costs
From the administrators' statement
The business of W Churches and Son has been trading as plumbers tn the Winchester area since 1905 The company now in administration was incorporated in 1996 and began trading immediately after it purchased the plumbing and electrical division of that origina! business
The company has subsequently diversified into areas including heating, electrical works, air conditioning and sustainable energy solutions for both the commerciai and domestic markets Many customers are subyect to maintenance contracts Further details of the company’s trading activities can be seen at the company’s website at www wehurches couk Trading is now based from two leasehold premises in Winchester and Westbury and about 60 people are employed
The shares are held equally by the two directors, Mr Rich, who was a founder of the company in 1996 and Mr Paxton who in 2007 acquired his shares to allow an existing shareholder to retire and became a director
Administrators' statement of proposals (2011-07-19) · Companies House register