# Purvers International Limited (03503831)

> Why UK company 03503831 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/03503831

- **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

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/03503831/filing-history/MzEwNzEwNDU2NmFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/03503831

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