The Bottom Line (GB) Limited (04785808): administration
- Status
- Administration ended
- Administration began
- 2011-05-18
- Administrators' firm
- Begbies Traynor
- Formerly
- The Move Group of Companies Limited
- Incorporated
- 2003-06-03
- Location
- Stoke-on-Trent
- Industry
- 6420
Why it went into administration
- Cash flow / liquidity pressure
- Loss of a key customer, supplier or contract
From the administrators' statement
The Administrators’ statement of proposals for achieving the purpose of the administration which will be sent to creditors in due course will provide detailed information in relation to the Company However, to assist creditors who may have a limited understanding of the Company and its affairs to better understand the reasons for the pre-packaged sale, we have provided certain background information at this stage
The Company was incorporated on 3 June 2003 by its current sole director, Ross Gale It remained dormant until 1 August 2005 when it began to operate as an independent mobile phone dealer its main supplier was Mainline Digital Communications Limited (“MDCL"), who are a primary business to business mobile telecoms supplier, who in tum act as an intermediary for the Orange and T-Mobile networks
The business grew to have an annual revenue of in excess of £46 million in the year ending 31 May 2008 but revenues have since reduced and for the next twelve months were forecast to be tn the order of £1 milion The downward trend in revenues and profitability has been attnbuted by the director to the recession, a significant shift in the payment structure by MDCL to the Company and also historic over confidence by management in the future performance of the business
Administrators' statement of proposals (2011-07-15) · Companies House register