Company Moves Limited (04825827): administration
- Status
- Administration ended
- Administration began
- 2013-09-30
- Administrators
- Gareth Wyn Roberts, Paul Ellison
- Administrators' firm
- KRE Corporate Recovery
- Incorporated
- 2003-07-08
- Location
- Reading
- Industry
- 52103 Operation of warehousing and storage facilities for land transport activities
Why it went into administration
- HMRC / tax arrears
- Property / lease costs
- Creditor pressure / legal action
From the administrators' statement
The following has been provided by the sole director of the company, and has not been venfied or audited by either the Joint Administrators or KRE Corporate Recovery LLP
Established in 1987, the Company is a storage and commercial removals firm and is a member of the Bntish Association of Removers The businesses activities include commercial relocations, house moves, documents and domestic storage, confidential destruction, crate hire and disposing/recycling of electrical goods
The owner and sole director is Ted Mooney and the Company has 5 employees, supplemented by subcontract labour The business has been profitable for many years, however the Company began experiencing problems when the recession hit The director made the decision to relocate the business in 2012 in a bid to improve profitability However the Company suffered considerable disruption through the relocation and together with increased rent and overheads, this was not accompanied by the expected growth in turnover, and therefore, the Company had to enter into time to pay arrangements with HMRC over arrears of PAYE and VAT By mid 2012 management recognised that it may be necessary to seek a purchaser for the business, and engaged the services of Axis Partnership UK Limited (‘Axis’), a company specialising in business disposals Details of the marketing performed by Axis are given in Section 4
Administrators' statement of proposals (2013-10-14) · Companies House register