AAA Stationery Limited (05534791): administration
- Status
- Administration ended
- Administration began
- 2011-11-30
- Administrators
- John Christopher Sallabank, Paul Robert Boyle
- Administrators' firm
- Harrisons Business Recovery and Insolvency
- Incorporated
- 2005-08-12
- Location
- Manchester
- Industry
- 5190
Why it went into administration
- Bad debts / customer insolvency
- Sustained trading losses
- Competition / price pressure
- Over-expansion / investment not recovered
From the administrators' statement
The Company was incorporated on 12 August 2005 Mr Cameron Watson (‘CM’) is the sole shareholder and director
Prior to incorporation CM gained his experience in stationery supply working at a leading stationery supplier for 4 years In 2005 CM made the decision to feave his employment and to start up a new company, AAA Stationery Limited (the Company’, to provide stationery products to trade customers
Initial capital was provided by CM personally by way of a director's loan in the sum of £15,000. The Company banks with National Westminster Bank Plc and was initially granted an overdraft of £5,000 which has increased to £45,000 throughout the course of trading The overdraft is personally guaranteed by CM
Administrators' statement of proposals (2012-01-24) · Companies House register