Wightman Stewart (Holdings) Limited (06158145): administration
- Status
- Administration ended
- Administration began
- 2012-03-08
- Administrators
- Robert David Adamson, Tim Alan Askham
- Administrators' firm
- Mazars
- Incorporated
- 2007-03-14
- Location
- Leeds
- Industry
- 7415
Why it went into administration
- Competition / price pressure
From the administrators' statement
The Company was incorporated on 14 March 2007 and acted as a holding company for both Wightman Stewart Limited and Wightman Stewart Services Limited
Both Wightman Stewart Limited and Wightman Stewart Services Limited traded successfully providing waterjet machines and a servicing facility for the machines provided
In November 2011, Wightman Stewart Limited’s American contractor cancelled the agreement with them The investment that Wightman Stewart Limited had made in marketing was in excess of £120,000 These monies have proved to be unrecoverable from the American company and as such Wightman Stewart Limited found itself in a position of being unable to continue to trade and in turn so did Wightman Stewart Services Limited
Administrators' statement of proposals (2012-05-08) · Companies House register