LDW Realisations Limited (03776113): administration
- Status
- Administration ended
- Administration began
- 2014-06-30
- Administrators
- Gillian Margaret Sayburn, Andrew D Haslam
- Administrators' firm
- Begbies Traynor
- Formerly
- W D L Products Limited; TIN HAT Limited
- Incorporated
- 1999-05-24
- Location
- Newcastle upon Tyne
- Industry
- 25990 Manufacture of other fabricated metal products n.e.c.
Why it went into administration
- HMRC / tax arrears
- Creditor pressure / legal action
- Cash flow / liquidity pressure
From the administrators' statement
The circumstances giving rise to our appointment were detailed within the letter sent to all creditors on 4 July 2014 and attached at Appendix 4 An overview ts provided below
The Company designed and manufactured metal point of sale display stands for the retail and ieisure industres The Company acquired the business and assets from the Administrators of Washington Display Limited in March 2011 The Company traded from premises at Bentall Business Park, Washington and employed 55 people
Since acquiring the business in 2011 the Director advises he had rebuilt the business and tn the summer of 2013 he made the decision to try to sell the Company The Director advises that several parties showed an interest and offers were received The Director made the decision to pursue an offer made by an organisation who he felt fitted well with the Company being local to the north east and a current customer (“inital
Administrators' statement of proposals (2014-08-06) · Companies House register