Intoto (Kendal) Limited (04179933): administration
- Status
- Administration ended
- Administration began
- 2013-11-01
- Incorporated
- 2001-03-15
- Location
- Carlisle
- Industry
- 47789 Other retail sale of new goods in specialised stores (not commercial art galleries and opticians)
Why it went into administration
- Cash flow / liquidity pressure
- Creditor pressure / legal action
From the administrators' statement
The Company has held an Intoto franchise agreement for a significant number of
years and historically its financial performance has been satisfactory
Unfortunately the Company suffered a fire at its trading premises which, based upon a report from the Financial Ombudsman Services, I am told was caused by spikes and surges in energy supply to the Company’s premises As a result of this fire the Company’s trading stock was destroyed and an insurance claim was made. However it subsequently transpired that the Company was under insured
Administrators' statement of proposals (2013-11-26) · Companies House register