Thurlow Countryside Management Limited (03972249): administration
- Status
- Administration ended
- Administration began
- 2013-06-26
- Administrators
- Geoffrey Wayne Bouchier, Jason James Godefroy
- Administrators' firm
- Kroll
- Incorporated
- 2000-04-13
- Location
- London
- Industry
- 81300 Landscape service activities
Why it went into administration
- Cash flow / liquidity pressure
- Creditor pressure / legal action
- Weak consumer demand
- HMRC / tax arrears
- Bad debts / customer insolvency
- Sustained trading losses
- Competition / price pressure
From the administrators' statement
To assist with the Company's working capital requirements, the Company entered into an invoice discounting facility agreement with Bibby on 23 October 2007 which was secured by fixed and floating charges over the assets of the Company
On 14 August 2008 the Company entered a Company's Voluntary Arrangement of which Jason Godefroy was the appointed Supervisor The Company's Voluntary Arrangement came to a successful end on 24 April 2012
Following the end of the Company’s Voluntary Arrangement, the Company's trading performance improved briefly However, a number of bad debts and increasing operating costs created a loss for the year ended 30 November 2012
Administrators' statement of proposals (2013-08-22) · Companies House register