Bradleys of Grimsby Limited (04629921): administration
- Status
- Administration ended
- Administration began
- 2023-06-26
- Incorporated
- 2003-01-07
- Location
- Grimsby
- Industry
- 47190 Other retail sale in non-specialised stores
Why it went into administration
- HMRC / tax arrears
- Sustained trading losses
From the administrators' statement
4.1 Creditors should note that, unless otherwise stated, this section of my proposals has been prepared based on information provided to me by the directors of the Company and not from my personal knowledge as Administrator.
4.2 Discussions first commenced with the Director of the Company on 9" March 2023, when it was apparent that the Campany had indebtedness beyond its realistic ability to be paid from future trading and asset realisation. The Director was made aware of my firm by its accountants, and at that stage same 14 staff were employed.
4.3 The Company not only had a trading retail premises, but had formerly a post office within that premises. The post office facility had been withdrawn, seemingly because funds that were due to the post office had potentially been paid into the current account of the Company at a former date and could not be recovered. This liability to the post office and the implications of the circumstances promoted a discussion, that then in turn showed that the employees’ cessation of employrnent costs may be a significant liability should the Company cease to trade.
Administrators' statement of proposals (2023-08-29) · Companies House register