# Avonmouth Village Pharmacy Limited (06204450)

> Why UK company 06204450 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/06204450

- **Status:** Administration ended
- **Administration began:** 2011-05-04
- **Administrators' firm:** Begbies Traynor
- **Incorporated:** 2007-04-05
- **Location:** Exeter
- **Industry:** 5231

## Why it went into administration

- Sustained trading losses

## From the administrators' statement

The Company was incorporated on 5 Apn! 2007 and has traded as the Willand Pharmacy from April 2008 from tts trading premises at Linacre, Gables Road, Willand, Cullompton EX15 2PL

The Company was funded by its bank, NatWest Bank Pic, (“NatWest”) which provided a loan facility to purchase the pharmacy The freehold property ts held in the names of the directors Geoffrey Trueman, the practising pharmacist and Joanne Grant An informal lease was entered into and the pharmacy traded from the premises from Apri 2008 Part of the financial purchase of the business was to be £50,000, to be input from the sale of the director’s personal property, which due to the downtum in property value did not materialise

A new large Health Centre was built between Willand and Cullompton, which increased the business considerably for a time, until a large Tesco Superstore was built in Cullompton Tesco’s applied for a 100 hour Pharmacy, which was duly granted This had a very detnmental affect on the trading of the pharmacy as Tesco’s remained open when all other pharmacies were closed

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/06204450/filing-history/MzAzODkyODgwM2FkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/06204450

Contains public sector information from Companies House, licensed under the Open Government Licence v3.0.