Spiller & Powell Enterprises Limited (04220036): administration
- Status
- Administration ended
- Administration began
- 2011-10-04
- Administrators
- Simon Robert Haskew, Neil Frank Vinnicombe
- Administrators' firm
- Begbies Traynor
- Incorporated
- 2001-05-21
- Location
- Bath
- Industry
- 6330
From the administrators' statement
The Company was incorporated in 2001 by the directors who both had previous expenence tn the travel industsyy The Company extensively refurbished its trading premises in Swindon before opening the shap in 2002 employing seven employees
Dunng the last two years, the recession started to have a major impact on the Company's turnover in order to assist the Company's cash flow, the directors injected additional capital (£30,000 in September 2009) and converted their directors’ loans into additional shareholding (totalling £414,000) The Company also had talks with a tocal coach campany regarding a joint venture arrangement to improve profitability
On 30 September 2011 the directors instructed Begbies Traynor to assist them to place the Company into Administration The company ceased to trade on 30 September on which date all employees were made redundant
Administrators' statement of proposals (2011-12-07) · Companies House register