Overs of Camberley Limited (05411759): administration
- Status
- Administration ended
- Administration began
- 2012-02-22
- Administrators
- Matthew Richard Meadley Wild, John Ariel
- Administrators' firm
- Baker Tilly Restructuring and Recovery
- Formerly
- Cardbeach Limited
- Incorporated
- 2005-04-01
- Location
- Guildford
- Industry
- 6024
Why it went into administration
- Funding withdrawn / unable to refinance
- Bad debts / customer insolvency
- Energy costs
- Cash flow / liquidity pressure
- Creditor pressure / legal action
- Property / lease costs
From the administrators' statement
Overs of Camberley Limited (the “Company”) was incorporated on 1 April 2005 and together with its subsidiary company, Overs Self Storage Limited (together the “Companies”), operated a home removal and storage business from premises in Farnborough, Hampshire, Odiham and Swindon.
The Company was the subject of a Creditors’ Voluntary Arrangement (“CVA”) which commenced in May 2010; Matthew Wild and Geoff Carton Kelly were appointed Joint Supervisors. Contributions due under the CVA were paid in accordance with the CVA Proposals for the period to December 2011, at which point contributions ceased due to the deterioration in the Companies’ financial performance.
The Directors principally attribute the deterioration m the Companies’ financial performance to the followmg factors:
Administrators' statement of proposals (2012-04-23) · Companies House register