Langhale Ltd (04408436): administration
- Status
- Administration ended
- Administration began
- 2012-04-26
- Incorporated
- 2002-04-03
- Location
- Norwich
- Industry
- 2051
Why it went into administration
- Sustained trading losses
- Competition / price pressure
From the administrators' statement
The Company was incorporated on 3 April 2002 acquiring the sole trader business which commenced trading in August 2000 selling garden sheds and garden buildings and other products mainly through the internet It operates a website www taylorsgardenbuildings com
Turnover for the 14 month period ended 30 June 2003 was £1,172,000 and on the back of this the Company relocated to an office in Bungay emptoying 3 staff In order to try and maintain an edge in an emerging market it bought the assets and trading rights to a long established business, Taylors Garden Buildings based in Ashwellthorpe This provided new manufacturing capabilites and allowed the Company to supply high end, high quality, bespoke buildings in addition to tts core Internet business As a result turnover increased to £1,467,000 for the financial year ended 30 June 2004 resulting in a post tax profit of £15,000
From 2004 to 2006 the Company grew, manufacturing increased and the directors designed a new improved website which allowed the Company to achieve a turnover of £2,536,000 for the financial year ended 30 June 2006 resulting in a post tax profit of £64,000
Administrators' statement of proposals (2012-05-25) · Companies House register