Propeller (GB) Limited (04281103): administration
- Status
- Administration ended
- Administration began
- 2014-02-10
- Administrators
- Francis Graham Newton, Ian Christopher Schofield
- Administrators' firm
- BDO
- Formerly
- Rapid Resources Limited
- Incorporated
- 2001-09-04
- Location
- Leeds
- Industry
- 46620 Wholesale of machine tools
Why it went into administration
- Funding withdrawn / unable to refinance
- Loss of a key customer, supplier or contract
- Sustained trading losses
- Competition / price pressure
From the administrators' statement
The Companies incorporation dates and the group structure can be summarised as follows: Propeller Holdings Limited - Company Number: 06441215
Non-trading hotding Company Incorporated: 29/11/2007
Propeller (GB) Limited - Company Number: 04281103 Trading Company Incorporated 04/09/2001
Administrators' statement of proposals (2014-04-11) · Companies House register