Stone Supplies (Cotswolds) Limited (03498783): administration
- Status
- Administration ended
- Administration began
- 2020-03-16
- Administrators' firm
- Begbies Traynor
- Formerly
- Megaspice Limited; Stablestock Limited
- Incorporated
- 1998-01-26
- Location
- Bristol
- Industry
- 08110 Quarrying of ornamental and building stone, limestone, gypsum, chalk and slate
From the administrators' statement
The Company was incorporated on 26 January 1998 as Stablestock Ltd and changed its name to Megaspice Ltd on 11 February 1998 prior to adopting its current name on 30 March 2000. Brian Carter, father of the current directors Mark Carter and Nicola Carter-Mogg took the Company over in February 2000 and resigned as director in May 2013. Mark Carter and Nicola Carter-Mogg joined him as directors in 2002 and 2006 respectively. Sean Badrick, also a current director, acted as Company Secretary from February 2000 and became a director in November 2010. The Company traded in the mining sector, owning freehold land being a quarry in Tetbury known as Veizey’s Quarry, and subleasing a quarry at Crucis Park Farm, Ampney Crucis, Cirencester, Gloucestershire, GL7 5DX since 1 August 2018.
in September 2019, the directors sold their shares to Stone Supplies Holdings Limited (“SSH”). In October 2019, the Company bought a piece of land that provided access to the main quarry for £250,000. This was bought with money borrowed from SSH and a debenture and security was provided to Stone Supplies Executive Pension Plan (“SSEPP”). SSH had borrowed the money from the SSEPP.
The Company ceased trading on 27 February 2020.
Administrators' statement of proposals (2020-05-19) · Companies House register