MAN Coed Limited (04478899): administration
- Status
- Administration ended
- Administration began
- 2015-05-07
- Administrators' firm
- Leonard Curtis
- Formerly
- West Coast Network Services Limited; WCE Network Services Limited; Spexbay Limited
- Incorporated
- 2002-07-05
- Location
- Liverpool
- Industry
- 02100 Silviculture and other forestry activities
Why it went into administration
- Cash flow / liquidity pressure
- Property / lease costs
From the administrators' statement
The Company was incorporated on 5 July 2002 and commenced to trade in Apnl 2004 There have been a number of name changes over the years, the latest being on 2 May 2014 when the Company changed its name from West Coast Network Services Limited to Man Coed Limited The principal activity of the Company ts that of tree surgeons and arboreal services
The Company operated from a number of sites The Company held a lease to premises at Unit 1 & 2 Long Barn, Pistyll Farm, Nercwys, Mold, CH7 4EW which were held on a 3 year lease. These premises were the principal trading address and attracted a rent of £23,449 per annum In addition, the Company also rented an outbuilding known as Unit 9 & 10 at the same address, which attracted a rent of £3,000 per annum A storage facility was also utilised at The Grain Store, Ty Newydd, Nercwys, Flintshire, CH7 4LA, which attracted a cost of £6,500 per annum The Company also had a rented unit at Thickthorn Farm, Chicheley, Newport Pagnell, Bucks, MK16 9JP, which was to Service work undertaken in the South of England
The Company tnitally had a limited overdraft facility with HSBC Bank but more recently has been funded by the injection of funds from the directors
Administrators' statement of proposals (2015-07-02) · Companies House register