PRO Serv Corporate Limited (05141613): administration
- Status
- Administration ended
- Administration began
- 2013-08-23
- Administrators' firm
- Begbies Traynor
- Incorporated
- 2004-06-01
- Location
- Exeter
- Industry
- 82990 Other business support service activities n.e.c.
Why it went into administration
- Loss of a key customer, supplier or contract
- Competition / price pressure
From the administrators' statement
The Company was incorporated in 2004 with the inital purpose of operating a management contract at The Exchange in Bridgwater being a facilites buitding with a health club, conference centre and a café Pnor to incorporation, the directors had traded as a partnership in the contract catering market (Pro Serv Hospitality) and, at the time, viewed The Exchange business as a diversification from the Company's core business
The two businesses operated as separate entities unt! January 2007 when Pro Serv Hospitality was purchased by the Company At this point the trading position of both entities was strong and it was anticipated that The Exchange would prove to be a flagship from which to further promote the contract catenng business
A combination of organic growth and management changes throughout 2007 and 2008 culminated in the Company adding a mixture of Education and Business & Industry ("B&I") contracts across the region, together with a diversification into Comwall and Gloucestershire At that time, the Company had approximately 40 contracts
Administrators' statement of proposals (2013-09-18) · Companies House register