Youngs Recycling Group Limited (05446705): administration
- Status
- Administration ended
- Administration began
- 2011-07-19
- Administrators
- Steven Phillip Ross, Ian William Kings
- Administrators' firm
- RSM
- Formerly
- Levelsix Properties Limited
- Incorporated
- 2005-05-09
- Location
- Sunderland
- Industry
- 3720
Why it went into administration
- Creditor pressure / legal action
From the administrators' statement
The Company was incorporated 9 May 2005 It commenced trading within waste handling and disposal from 105 Graythorp Industrial Estate, Hartlepool Cleveland, TS25 2DF
Unfortunately the Company was subject to an arson attack on 14 April 2009 and the business premises’, plant and processes recycled materials were destroyed by fire In attempt to maintain the business until the site could be restored, the subsidiary company Levelsix Limited attempted to continue to service the contracts However, a month later Levelsix Limited was also subject to a fire believed to be arson
As a result of the above the Company ceased to trade in April 2009 = In addition creditor pressure began to mount in both companies who had no way of generating income to satisfy their liabilities Levelsix Limited had guaranteed a number of debts of Youngs Recycling Limited
Administrators' statement of proposals (2011-09-20) · Companies House register