Robinsons Hygiene Services Ltd (04719645): administration
- Status
- Administration ended
- Administration began
- 2013-06-20
- Administrators
- Phillip Francis Duffy, Sarah Helen Bell
- Administrators' firm
- Kroll
- Incorporated
- 2003-04-01
- Location
- Manchester
- Industry
- 81222 Specialised cleaning services
Why it went into administration
- HMRC / tax arrears
- Cash flow / liquidity pressure
- Funding withdrawn / unable to refinance
- Sustained trading losses
- Parent or group failure
- Creditor pressure / legal action
From the administrators' statement
Mynt
Mynt was a non-trading holding company incorporated in April 2012 as a vehicle to acquire the share capital of RHS
The purchase consideration was £900k with the intial tranche of £700k funded by way of a loan from NWF. The balance of £200k was deferred and was to be paid in two equal instalments of £100k in May 2013 and May 2014
Administrators' statement of proposals (2013-08-16) · Companies House register