KMA Signs Limited (05482774): administration
- Status
- Administration ended
- Administration began
- 2012-07-20
- Administrators
- Kevin Gerald Murphy, Andrew Poxon
- Administrators' firm
- Leonard Curtis
- Incorporated
- 2005-06-16
- Location
- Bury
- Industry
- 3663
Why it went into administration
- Bad debts / customer insolvency
- Cash flow / liquidity pressure
- HMRC / tax arrears
- Creditor pressure / legal action
- Loss of a key customer, supplier or contract
- Sustained trading losses
From the administrators' statement
The Company was incorporated in June 2005 The directors since incorporation have been Mr Kevin Jennings, Mr Andrew Cowling and Miss Maxine Adams
The Company operated as a manufacturer of signage The Company operated from leasehold premises at 6B Swallow Road, Weldon North Industnal Estate, Corby, Northamptonshire, NN17 5JX The Company employed 14 staff
The Company was funded by way of an invoice financing facility with Lloyds TSB Commercial Finance Limited ("LTSBCF"), who hold security by way of a debenture incorporating a fixed and floating charge over all assets created on 17 March 2009 The Company also had an overdraft facility and an EFG Loan with Lloyds TSB Bank Plc (“the Bank”) who hold security by way of a debenture incorporating a fixed and floating charge over all assets created on 29 October 2009 The Bank also hold a cash bond of £30,000 as security
Administrators' statement of proposals (2012-09-19) · Companies House register