TQ IPS Limited (04549116): administration
- Status
- Administration ended
- Administration began
- 2011-07-15
- Administrators
- Nigel Price, William John Kelly
- Administrators' firm
- Begbies Traynor
- Formerly
- Cogpane Limited
- Incorporated
- 2002-09-30
- Location
- Birmingham
- Industry
- 4525
Why it went into administration
- Sustained trading losses
- HMRC / tax arrears
- Cash flow / liquidity pressure
- Creditor pressure / legal action
From the administrators' statement
The Company was originally incorporated on 30 September 2002 and its pnncipal activity was the provision of specialist construction services and maintenance solutions to the petroleum and convenience store market place
The business traded from leasehold premises at Unit 4E, Sherwood Road, Astonfields Industrial Estate, Bromsgrove, B60 3DR, with ancillary leasehold premises situated in Worthing, West Sussex They had previously occupied premises located in Elsenham, Essex near Stansted Airport as well as various contracting sites located throughout the United Kingdom
Up until 19 November 2009, the Company was controlled by Torex Group, whereupon the current directors, Mr Baljit Kumar Tank and Mr Neil! Alan Friend were appointed, replacing all other appointees who resigned from office These two appointments followed the acquisition of the Company’s entire issued share capital from Torex Retail Holdings Limited by Indigo Retail Holdings Limited for £1, as part of the agreement reached between the two parties
Administrators' statement of proposals (2011-09-12) · Companies House register