HSS Realisations Limited (05824285): administration
- Status
- Administration ended
- Administration began
- 2011-11-02
- Formerly
- Huddersfield Skip Services Limited; Gweco 305 Limited
- Incorporated
- 2006-05-22
- Location
- Leeds
- Industry
- 7134
Why it went into administration
- Creditor pressure / legal action
- Weather / natural events
- Cash flow / liquidity pressure
- Property / lease costs
- Sustained trading losses
From the administrators' statement
The Company's business was that of skip hire services providing services to both corporate and private customers
| was introduced to the directors by the Company's financial advisors | first met with the Company’s directors on 30 September 2011 to advise them in general terms, regarding the Company's trading difficulties Prior to this meeting neither the Administrators nor any partner or employee of Geoffrey Martin & Co had had any dealings with the Company or its directors
The Company had suffered significant trading losses in recent years and in consequence was encountering cashflow difficultes The company was also experiencing increasing pressure from HM Revenue & Customs who were threatening to Issue a winding up petition in relation to PAYE/NI and VAT debts of approximately £190,000
Administrators' statement of proposals (2012-01-02) · Companies House register