Ward-Hendry Ltd (05371856): administration
- Status
- Administration ended
- Administration began
- 2018-01-18
- Administrators
- Christopher Newell, Francis F A Wessely
- Administrators' firm
- Quantuma
- Incorporated
- 2005-02-22
- Location
- Marlow
- Industry
- 93290 Other amusement and recreation activities n.e.c.
Why it went into administration
- HMRC / tax arrears
- Cash flow / liquidity pressure
- Creditor pressure / legal action
From the administrators' statement
3.1 As a result of the cash flow problems highlighted in section 2, the Company fell into tax arrears which consequently led to enforcement action being taken by HMRC. A controlled goods agreement was entered into with HMRC which in effect gave them security over certain assets.
3.2 On 18 January 2018, Frank Wessely, and Chris Newell of Quantuma LLP were appointed Joint Administrators of the Company following the filing of a Notice of Appointment of Administrators by the Directors.
3.3. The Joint Administrators confirm that they are authorised to carry out all functions, duties and powers by either one or both of them.
Administrators' statement of proposals (2018-03-20) · Companies House register