MCN Realisations Limited (04838998): administration
- Status
- Administration ended
- Administration began
- 2017-10-18
- Formerly
- Meddo (CN) Ltd; NJ Woodco Ltd; NJ Woodco Joinery Limited
- Incorporated
- 2003-07-21
- Location
- Lincoln
- Industry
- 43210 Electrical installation
Why it went into administration
- HMRC / tax arrears
- Sustained trading losses
- Property / lease costs
From the administrators' statement
NJ Woodco Joinery Limited was incorporated in July 2003 by Mr James Ward and Mr Nathan Fletcher who were directors and joint shareholders of the Company. The Company traded from leasehold premises in Lincoln
The directors had years of experience in the industry and specialised in bespoke joinery work for independent customers.
On 22 May 2007 the Company granted a fixed and floating charge debenture in favour of National Westminster Bank Ple (“Natwest”) over the undertaking and all property of the Company. This debenture remains unsatisfied and at the date of Administration, the Company has fully utilised its overdraft facility with Natwest of £100,000.
Administrators' statement of proposals (2018-01-17) · Companies House register