# Propeller (GB) Limited (04281103)

> Why UK company 04281103 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/04281103

- **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- Funding withdrawn / unable to refinance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

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/04281103/filing-history/MzA5ODExMTQ4MWFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/04281103

Contains public sector information from Companies House, licensed under the Open Government Licence v3.0.