C F Anderson Timber Products Limited (03690790): administration
- Status
- Administration ended
- Administration began
- 2015-04-17
- Administrators
- Martha Hanora Thompson, David Harry Gilbert
- Administrators' firm
- BDO
- Formerly
- Toys of Wood Limited
- Incorporated
- 1998-12-31
- Location
- London
- Industry
- 46730 Wholesale of wood, construction materials and sanitary equipment
Why it went into administration
- Creditor pressure / legal action
- Property / lease costs
- Competition / price pressure
- Cash flow / liquidity pressure
- HMRC / tax arrears
- Sustained trading losses
From the administrators' statement
The Company was incorporated on 31 December 1998 under the name Toys of Wood Limited. It changed its name to CF Anderson Timber Products Limited on 27 July 2003.
We are informed that the Company was incorporated in order to take on the timber merchant business previously undertaken by the parent company CF Anderson & Son Limited (‘CFAS’). The business had been operating since the late 19" century from vanous sites in and around East London, Essex and East Anglia. It moved to the Marks Tey location in the 1980’s
The Marks Tey site 1s owned by CFAS and leased to the Company for a combined rent of £313,500 per annum. We understand that there are significant rent arrears due to CFAS.
Administrators' statement of proposals (2015-06-15) · Companies House register