K R Electrical Wholesale Limited (06190960): administration
- Status
- Administration ended
- Administration began
- 2014-06-02
- Administrators
- Simon Franklin Plant, Daniel Plant
- Administrators' firm
- SFP Restructuring
- Incorporated
- 2007-03-29
- Location
- Admirals Way
- Industry
- 46740 Wholesale of hardware, plumbing and heating equipment and supplies
Why it went into administration
- Competition / price pressure
- Loss of a key customer, supplier or contract
From the administrators' statement
Albeit that statutory information ts contained in Appendix Il, these Proposals provide bnef details in relation to the Company's history
Mr Hartshom T/A K R Electncal Wholesale started operating in 1996, as an electncal wholesaler The business was inttally financed by an overdraft facility with Natwest it was a relatively successful venture and turnover grew to circa £700,000 by 2006, at which stage a larger trading unit was sought
In 2007, the business moved to the Trading Premises Further, following professional advice the business was incorporated and the Company was formed on 29 March 2007, with Mrs Graham appointed as the sole Director and Mr Hartshorn as the financial manager
Administrators' statement of proposals (2014-07-11) · Companies House register