PSR Masons Limited (04339221): administration
- Status
- Administration ended
- Administration began
- 2011-07-01
- Administrators
- Nathan Jones, Christopher Stirland
- Administrators' firm
- FRP Advisory
- Formerly
- Mason's Total Temperature Control Ltd; Mason's Transport Temperature Control Limited
- Incorporated
- 2001-12-12
- Location
- Leicester
- Industry
- 5020
Why it went into administration
- Competition / price pressure
- Loss of a key customer, supplier or contract
From the administrators' statement
The Company was incorporated in December 2001 to purchase the Assets and Goodwill of “Masons Transport Temperature Control” a partnership owned and operated by Mr and Mrs from Ted Mason. Ted Mason had successfully operated his business for more than ten years prior to the purchase.
The business continued to trade successfully and increased borrowings from National Westminster Bank Plc (the “Bank”) to fund the development of the business The initial borrowings from the Bank were secured against the business and a Debenture creating a fixed and floating charge over the Company’s assets was put in place.
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Administrators' statement of proposals (2011-08-23) · Companies House register