Combined Training Centre Limited (05010510): administration
- Status
- Administration ended
- Administration began
- 2013-07-30
- Administrators
- Stephen James Hobson
- Administrators' firm
- Licensed Insolvency Practitioner of Francis Clark
- Formerly
- Riviera Lodge Training Limited
- Incorporated
- 2004-01-08
- Location
- Exeter
- Industry
- 96020 Hairdressing and other beauty treatment
Why it went into administration
- Loss of a key customer, supplier or contract
- Property / lease costs
From the administrators' statement
The Company was incorporated in January 2004 and initially offered vocational training courses in hairdressing Over time the Company developed to offer courses in beauty treatments, childcare, woodwork and construction
The company always had only one major customer (a local authority school) which accounted for more than 75% of turnover The school had historically encouraged the Company to grow offering a wider range of courses The company expanded and moved to larger premises
However the company always struggled to make any profit as the rates offered by the school were insufficient to make the business sustainable Extracts from the Company’s last set of accounts to 31 July 2012 show a loss of £41,501 and net liabilities of £125,496
Administrators' statement of proposals (2013-09-18) · Companies House register