From the administrators' statement

The Company was incorporated on 30 December 1996 by Daniel Wheeler with a view to supplying quality team clothing to small motor racing teams.

The Company initially traded from premises at 58 Alston Drive, Bradwell Abbey, Milton Keynes, MK13 9HB. However, demand for its products and services soon meant that the Company required larger trading premises in order to fulfil demand. In March 2001, the Company relocated to a 5,000 sqft premises at 7 Fingle Drive, Stonebridge, Milton Keynes, MK13 OAT (“the Premises”).

A number of key events affected the Company’s financial position in recent years including foreign exchange exposure following Brexit, and a significant HM Revenue & Customs’ (“HMRC”) liability in respect of employment benefit trusts which the Company had entered into.

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Dread Limited (03297409)

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