Ideal Plumbing Supplies Limited (04200966): administration
- Status
- Administration ended
- Administration began
- 2011-09-12
- Administrators
- Carolynn Jean Best, Richard Frank Simms
- Administrators' firm
- F A Simms & Partners
- Incorporated
- 2001-04-18
- Location
- Poole
- Industry
- 5113
Why it went into administration
- Creditor pressure / legal action
- Sustained trading losses
From the administrators' statement
The primary activity of the company was wholesale of plumbing supplies for both the domestic and marine markets
The main cause of the insolvency was the decline in sales and the company was facing pressure from a number of trade creditors Those creditors had threatened legal action in the form of a winding up petition and their credit facility was being put on stop with a number of creditors
The source of the practitioner’s initial information
Administrators' statement of proposals (2011-11-08) · Companies House register