Harrogate Hygiene Services Limited (03868472): administration
- Status
- Administration ended
- Administration began
- 2012-06-07
- Administrators
- Andrew Graham Mackenzie, Robert Alexander Henry Maxwell
- Administrators' firm
- Begbies Traynor
- Incorporated
- 1999-10-29
- Location
- Leeds
- Industry
- 96090 Other service activities n.e.c.
Why it went into administration
- Cash flow / liquidity pressure
From the administrators' statement
In 1993, one of the Company’s directors and her spouse began trading under an unincorporated business, supplying cleaning products to retailers The business later expanded and was incorporated in 1999 under the name of Harrogate Hygiene Services Limited, carrying out the same trade The Company onginally traded from Harrogate Business Park, however, a move to Camwal Park took place in 2010
In January 2012, the directors of the Company sought to improve cash flow by obtaining funding from RBS Invoice Finance Limited by way of a sales ledger finance agreement in respect of the Company's book debts
With the sudden death of the managing director in February 2012, and the increasing pressure the Company was experiencing due to the general economic downtum in trade, the Company suffered further cash flow difficulties which resulted in the directors of the Company seeking advice from Begbies Traynor (Central) LLP in May 2012
Administrators' statement of proposals (2012-08-02) · Companies House register