Nesscliffe Services Limited (05205984): administration
- Status
- Administration ended
- Administration began
- 2012-06-15
- Administrators
- Mark Jeremy Orton, Richard James Philpott
- Administrators' firm
- KPMG
- Formerly
- Nescliffe Services Limited
- Incorporated
- 2004-08-13
- Location
- Birmingham
- Industry
- 5050
From the administrators' statement
Nesscliffe Services Limited was mcorporated on 13 August 2004 and traded as a service station, supplying fuel under an agreement with Esso and operating a grocery store under the Londis brand The Company traded from a freehold property on the A5 Nesscliffe Bypass near Shrewsbury
The site was developed from a greenfield site and comprises a petrol forecourt with ten pumps, fitted shop with back office, safe storage facility and restaurant facility, as well as a large parking area The Company has had a poor trading record since its incorporation, making a loss in three of the six years that it has traded, and it had never made a capital repayment on its £1 1 million bank loan
Owing to the level of indebtedness, total of £1 520 million, and the Company’s inability to make any capital repayments on its debt, the directors appointed GVA and Adlers (“the Joint Agents”) to market the business for sale
Administrators' statement of proposals (2012-08-08) · Companies House register