Wine Discoveries Ltd (06063487): administration
- Status
- Administration ended
- Administration began
- 2012-02-27
- Administrators
- David Richard Thorniley
- Administrators' firm
- Traverse Advisory
- Incorporated
- 2007-01-24
- Location
- Tunbridge Wells
- Industry
- 5225
Why it went into administration
- Property / lease costs
From the administrators' statement
The Company experienced trading difficulties in 2011 Staff numbers were reduced, and prices were increased
In the summer of 2011 the directors sought to raise working capital and held discussions with a number of banks and finance specialists However, these discussions were unsuccessful, and the directors injected £10,000 into the Company in July 2011 by way of directors’ loans
In September 2011 the Company entered into negotiations with another drinks company with a view to ether raising capital and/or achieving a partial or complete sale of the business, but these negotiations produced no result
Administrators' statement of proposals (2012-04-27) · Companies House register