Auction House Drewery and Wheeldon Ltd (06134694): administration
- Status
- Administration ended
- Administration began
- 2011-12-08
- Administrators
- Richard Albert Brock Saville, Andrew J Cordon
- Administrators' firm
- Begbies Traynor
- Incorporated
- 2007-03-02
- Location
- Nottingham
- Industry
- 7487
Why it went into administration
- HMRC / tax arrears
- Creditor pressure / legal action
- Parent or group failure
From the administrators' statement
The business started in 1879 and has passed through generations of both the directors’ fambes The current group structure was implemented some four years ago with a view to managing and budgeting each aspect of the Group’s business more efficiently
The Group had, over the past four years, seen tumover fail year on year wih the losses funded, in part, by the Bank, and HMRC The Directors began an in-depth review of the Group in June 2010 as the recovery in the residential market began to show signs of faltenng This review resulted in the liquidation of one of its Companies, AG Bawtry Limited making several employees redundant
Auction House Drewery and Wheeldon Limited, ts part of a franchise, Auction Hause, and has been trading for 3 years holding 6 or 7 auctions per year The Group had recently expanded the auction aspect of the business inte Doncaster, its first auction being held earter this year
Administrators' statement of proposals (2012-01-19) · Companies House register