The Trading Company Limited (04060777): administration
- Status
- Administration ended
- Administration began
- 2017-06-29
- Administrators
- Joanne K Rolls, Trevor John Binyon
- Administrators' firm
- Opus Restructuring
- Incorporated
- 2000-08-29
- Location
- Milton Keynes
- Industry
- 58190 Other publishing activities
Why it went into administration
- Competition / price pressure
- Sustained trading losses
From the administrators' statement
3.1 Following Joanne Rolls’ meeting with the Directors on 8 June 2017, steps were taken to gather information on the current trading position of the Company and establish the current level of assets and liabilities.
3.2 Lambert Smith Hampton, a firm of professional valuation agents, were instructed to conduct a marketing campaign for a sale of the business and compile a teaser document in order to establish if a pre-pack sale of the business could be achieved. Limited information could be provided at this stage to prevent any potential issues with the current sales being achieved by the Traders.
3.3. Work was also undertaken by Opus Restructuring LLP to compile full information on the employees, suppliers, business procedure etc with a view to ensuring that, if necessary, upon appointment we could take steps to trade the business if there was a benefit in doing so.
Administrators' statement of proposals (2017-08-08) · Companies House register