George Smith Horseboxes Limited (04258109): administration
- Status
- Administration ended
- Administration began
- 2012-11-28
- Administrators
- Michael Ian Field, Carl Derek Faulds
- Administrators' firm
- Leonard Curtis
- Formerly
- George Smith Horseboxes (Self Drive) Limited
- Incorporated
- 2001-07-24
- Location
- Fareham
- Industry
- 29201 Manufacture of bodies (coachwork) for motor vehicles (except caravans)
Why it went into administration
- Sustained trading losses
- Competition / price pressure
From the administrators' statement
The company was incorporated in 2001 and commenced trading shortly thereafter having acquired the sole trader business of George Smith Horseboxes The sole director and shareholder throughout has been George Smith
The company traded from premises in Shrewton, near Salisbury, manufacturing and undertaking repairs to horseboxes The company’s trading premises are owned by Mr Smith personally
Funding for the business was provided by a loan and overdraft facility from the company’s bankers, HSBC Bank Pic, who was granted a debenture conferring fixed and floating charges over the assets of the company in March 2002 Mr Smith has provided the bank with a personal guarantee to support the bank’s lending
Administrators' statement of proposals (2012-12-24) · Companies House register