Purvers International Limited (03503831): administration
- Status
- Administration ended
- Administration began
- 2014-08-14
- Administrators' firm
- Begbies Traynor
- Formerly
- Purvers International Packing Services Limited; Speed 6793 Limited
- Incorporated
- 1998-02-03
- Location
- Southampton
- Industry
- 16240 Manufacture of wooden containers
Why it went into administration
- Cash flow / liquidity pressure
- Creditor pressure / legal action
- Property / lease costs
From the administrators' statement
The Company has been established for over 100 years, traditionally operating as a partnership and incorporated in January 2000 The Company Is a Storage and Removals business operating from premises in the Gosport/Fareham area The Company employed 8 staff and achreved annual turnover of circa £400,000
The Company's trading activities also previously included confidential document destruction and Packing Services however these divisions were transferred to separate trading entities on 1 April 2014 and continue to operate separately, albeit with similar directors and shareholders
The Company began to expenence financial difficulties as a consequence of a steady fall in turnover from £105,000 (quarter ending August 2013) to £87,000 (quarter ending May 2014) As a result, the Company encountered increased creditor pressure culminating in the landlord commencing recovery proceedings under the new CRAR rules in July 2014
Administrators' statement of proposals (2014-09-08) · Companies House register