De-Witt Floors Limited (06049186): administration
- Status
- Administration ended
- Administration began
- 2013-08-09
- Administrators
- Ian Douglas Yerrill
- Administrators' firm
- Leonard Curtis
- Incorporated
- 2007-01-11
- Location
- Ashford
- Industry
- 47530 Retail sale of carpets, rugs, wall and floor coverings in specialised stores
Why it went into administration
- Management failings / irregularities
From the administrators' statement
Trading was undertaken from premises at The Green, Boughton Monchelsea, Maidstone, Kent ME17 4LT, which were latterly occupied under an informal tenancy
The Company was financed with the help of an overdraft facility from its bankers, National Westminster Bank plc which was secured against the assets of the Company by way of a debenture incorporating fixed and floating charges
In June / July 2013 the two founding directors, Mr & Mrs Longhurst, resigned and were replaced by Ashley Baker and Lynne Turner-Groves The new directors believed that with investment and some substantial rationalisation / reorganisation the Company would be stable and profitable
Administrators' statement of proposals (2013-09-24) · Companies House register