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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

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

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Wightman Stewart (Holdings) Limited (06158145)

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