Trickys Cornwall Limited (05136636): administration
- Status
- Administration ended
- Administration began
- 2012-02-16
- Administrators
- Richard Michael Hawes, Robin David Allen
- Administrators' firm
- Deloitte
- Formerly
- Tricky Dickies (Cornwall) Limited; Beachranch Limited
- Incorporated
- 2004-05-25
- Location
- Bristol
- Industry
- 5510
Why it went into administration
- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure
- Sustained trading losses
From the administrators' statement
The Company had endured a period of poor trading results, having been loss-making for a number of years Additional investment had been introduced in order to expand the business, including the construction of a function room to enable the Company to accommodate weddings and parties, however trading did not improve sufficiently to enable the Company to generate a profit
The Property had been marketed for sale by the Company for a period of time, with no offers being received
During this period the relationship between the Company and the Bank deteriorated The Company was unable to arrange an alternative source of finance, and with the prospect of continuing poor trading and increasing cashflow pressures, the Bank requested that the Company be placed into Administration
Administrators' statement of proposals (2012-04-05) · Companies House register