Agency Lighting Limited (04938750): administration
- Status
- Administration ended
- Administration began
- 2018-08-09
- Administrators
- Sean Williams, Philip Deyes
- Administrators' firm
- Leonard Curtis
- Formerly
- Hotel Supplies UK Limited; Agency Lighting Limited
- Incorporated
- 2003-10-21
- Location
- Leeds
- Industry
- 46470 Wholesale of furniture, carpets and lighting equipment
Why it went into administration
- Creditor pressure / legal action
- Funding withdrawn / unable to refinance
- Supply chain disruption
- HMRC / tax arrears
- Bad debts / customer insolvency
- Property / lease costs
- Competition / price pressure
From the administrators' statement
The Company was introduced to Leonard Curtis Recovery Limited ("LC’} by Aldermore Bank Plc (“Aldermore”) on 16 July 2018.
Aldermore provided the Company with an invoice discounting facility. In July 2018 a winding up petition was issued against the Company by a key supplier, with a hearing date set for 15 August 2018. This position raised significant concems with Aldermore who contacted LC as the winding up petition constituted a breach of the Company's invoice finance agreement with Aldermore.
LC met with Aldermore and the Director of the Company, Tinashe Gwena, on 16 July 2018 at the offices of LC at 6 Floor, 36 Park Row, Leeds, LS1 5JL.
Administrators' statement of proposals (2018-09-20) · Companies House register