Reisswolf Northern Limited (05973121): administration
- Status
- Administration ended
- Administration began
- 2013-11-15
- Administrators
- Daryl Warwick
- Administrators' firm
- RSM
- Incorporated
- 2006-10-20
- Location
- Carlisle
- Industry
- 82990 Other business support service activities n.e.c.
Why it went into administration
- Sustained trading losses
- Funding withdrawn / unable to refinance
- Creditor pressure / legal action
- Weather / natural events
From the administrators' statement
The Company historically has been under the ownership of a German registered Reisswolf franchise company, Red File GmbH and has traded at a significant loss
During the year ended 31 December 2011 the Company incurred a trading loss In excess of £60,000 on a turnover of £1 2M and shareholders funds were £450,000 tn deficit. The Company was only able to continue via the ongoing financial support of Red File GmbH who at that balance sheet date were owed approximately £630,000.
2.3
Administrators' statement of proposals (2013-11-29) · Companies House register