# Dread Limited (03297409)

> Why UK company 03297409 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/03297409

- **Status:** Administration ended
- **Administration began:** 2020-11-04
- **Administrators' firm:** Begbies Traynor
- **Incorporated:** 1996-12-30
- **Location:** Salisbury
- **Industry:** 13300 Finishing of textiles

## Why it went into administration

- COVID-19
- HMRC / tax arrears
- Funding withdrawn / unable to refinance
- Creditor pressure / legal action
- Brexit

## 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.

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/03297409/filing-history/MzI4NjgwMDI2MmFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/03297409

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