Specialised Wheel Services Limited (04928204): administration
- Status
- Administration ended
- Administration began
- 2018-05-03
- Administrators
- Adam Harris, Guy Robert Thomas Hollander
- Administrators' firm
- Mazars
- Incorporated
- 2003-10-10
- Location
- London
- Industry
- 28302 Manufacture of agricultural and forestry machinery other than tractors
Why it went into administration
- Cash flow / liquidity pressure
- Rising costs / inflation
From the administrators' statement
The Company was incorporated on 10 October 2003. The Company was primarily an independent specialist tyre and wheel supplier to the agriculture, civil engineering, amenity and quarrying industries.
Based in Thetford, Norfolk, the Company’s operations initially proved to be profitable and in 2004, it was purchased by Fieldens (Wheels, Tyres & ATVs) Limited which operated similar business from a separate site in Stowmarket.
A summary of the Company’s balance sheet position over the last 3 years is below:
Administrators' statement of proposals (2018-07-09) · Companies House register