Shipmates Chandlers Limited (05030318): administration
- Status
- Administration ended
- Administration began
- 2012-04-10
- Administrators
- Jeremiah Anthony O'Sullivan, Samuel Jonathan Talby
- Administrators' firm
- Aua Insolvency Risk Services
- Incorporated
- 2004-01-30
- Location
- Exter
- Industry
- 5248
Why it went into administration
- Sustained trading losses
From the administrators' statement
The Company was incorporated in 2004 and was set by up the two current directors as a vehicle to acquire an established business in which they had previously been partners
The Company traded as a supplier of chandlery equipment from retail premises in Dartmouth, Devon serving the local boat and yacht industry and the general public
The Company reported reasonable growth and a level of profitability for a number of years However, in early 2010 the Company's business was severely affected by a fire in adjacent trading premises An enforced short term closure of the business and the longer term impact of more aggressive parking restrictions in the area around the shop lead to an immediate and significant downturn in trade
Administrators' statement of proposals (2012-05-08) · Companies House register