FVS Realisation Limited (03458318): administration
- Status
- Administration ended
- Administration began
- 2012-02-09
- Administrators
- Stephen Anthony John Ramsbottom, David Alan Rolph
- Administrators' firm
- Corporate Recovery Department of Moore Stephens
- Formerly
- Fire Vehicle Services Limited
- Incorporated
- 1997-10-30
- Location
- Bristol
- Industry
- 45200 Maintenance and repair of motor vehicles
Why it went into administration
- HMRC / tax arrears
- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure
- Sustained trading losses
From the administrators' statement
The Company was incorporated on 20 October 1997 and traded in the refurbishment, repair, service and spare part market for fire vehicles within the aviation, domestic military and industrial sector It traded fram a leasehold premises in Quedgeley, Gloucester
Banking facilities were held with HSBC Bank Pic ("HSBC") by way of a trading overdraft only The Directors have provided a personal guarantee to HSBC in respect of any residual indebtedness in the event that the Company 's unable to settle amounts advanced
In the accounting year to 31 December 2010, the Company's financial statements show a net loss before tax of £69,209 As the Company only filed abbreviated accounts, the turnover for this period 1s not known, however it is estimated at between £500,000 and £750,000
Administrators' statement of proposals (2012-04-05) · Companies House register