Stevenson Minshall Limited (04289739): administration
- Status
- Administration ended
- Administration began
- 2011-06-20
- Administrators
- John Malcolm Titley, Mark John Colman
- Administrators' firm
- Leonard Curtis
- Incorporated
- 2001-09-19
- Location
- Preston
- Industry
- 7440
Why it went into administration
- Creditor pressure / legal action
- Rising costs / inflation
- Cash flow / liquidity pressure
- Bad debts / customer insolvency
From the administrators' statement
The Company was incorporated on 19 September 2001 and commenced trading from tts inception from leasehold premises situated at Peel House, Whitehills Drive, Marton, Lancashire, FY4 5LW
The pnncipal trading activity of the Company was to provide restaurants with a single online portal whereby potential customers could view menus of restaurants of their choice The Company offered a free hsting service for a basic entry The basic entry did not include the option for customers to view the menus and other features of the restaurant This was available by subscnption, and it is through the subscnption that the Company generated its revenue
The turnover of the business steadily grew from £355,000 in 2006 to £561,000 in 2010 Up until 2009 the Company generated a profit However, in 2010 the Company made a loss due to vanous bad debts and increased costs The Company suffered an increasing number of bad debts as the economy suffered a severe downturn which impacted on the restaurant sector
Administrators' statement of proposals (2011-07-27) · Companies House register