P A & M W House Limited (04977877): administration
- Status
- Administration ended
- Administration began
- 2016-12-19
- Administrators' firm
- Begbies Traynor
- Incorporated
- 2003-11-26
- Location
- Exeter
- Industry
- 01410 Raising of dairy cattle
From the administrators' statement
The Company was incorporated on 26 November 2006 by Paul Arthur House, a director of the Company The Company specialised in dairy farming and traded from a rented farm located near Shaftesbury The day to day running of the farm was subsequently taken over by Mark House, the son of Paul Arthur House and also a director of the Company
Dunng November 2016, the farm was placed under TB restnction, meaning that no animals would be allowed on or off af the holding TB restricted animals are increasingly difficult to sell in the current market place due to complicated government legislation
In December 2016, Barclays Bank plc, who provided an overdraft facility to the Company, approached Begbies Traynor for advice on the future profitability of the Company taking into account the restnctions in place Soon afterwards, a meetng was held with Mark House and it was determined that continuing with the business was unsustainable as the Company could not pay its debts as and when they fell due
Administrators' statement of proposals (2017-02-23) · Companies House register