# Underwood Retail Limited (05276754)

> Why UK company 05276754 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/05276754

- **Status:** Administration ended
- **Administration began:** 2014-02-28
- **Administrators' firm:** Begbies Traynor
- **Incorporated:** 2004-11-03
- **Location:** Salisbury
- **Industry:** 31020 Manufacture of kitchen furniture

## Why it went into administration

- Creditor pressure / legal action

## From the administrators' statement

We were contacted by the Director on 17 February 2014 by telephone and following that a meeting with the Director and key members of staff took place on 18 February 2014 The purpose of the meeting was to discuss the financial position and performance of the Company

A sub-contractor had filed a petition to wind-up the Company on 11 February 2014

It was clear the Company did not have sufficient cash flow to continue trading and was insolvent on a cash flow basis The Director and key staff believed there was a business worth saving and confirmed they would focus their efforts on finding a buyer for the business and assets

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/05276754/filing-history/MzA5OTI1NDk1NGFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/05276754

Contains public sector information from Companies House, licensed under the Open Government Licence v3.0.