Spindle Way Unique Services Limited (03310362): administration
- Status
- Administration ended
- Administration began
- 2014-04-02
- Incorporated
- 1997-01-30
- Location
- London
- Industry
- 45200 Maintenance and repair of motor vehicles
Why it went into administration
- Creditor pressure / legal action
- HMRC / tax arrears
- Weather / natural events
From the administrators' statement
The Company was incorporated on 30 January 1997 and began to trade immediately thereafter, under the sole directorship of Damian Patrick Sawyer, for the purpose of repairing body work on cars Mr Sawyer had previously been a body shop engineer for many years, prior to becoming the Company’s director The Company Secretary was Kathleen Sawyer
Initially, the Company was funded by loans which had been provided by the Company’s director, as well as an overdraft facility which had been provided by its bankers A lease was obtained for the Company’s trading premises and a smal! numbers of staff were employed to assist with workflow
In order to fund the Company’s continued growth it entered into factoring facilities, initially with Maddox Factoring (UK) Ltd and later through Bibby Financial Services Ltd
Administrators' statement of proposals (2014-05-27) · Companies House register