Handcross Village Butchers Ltd (06341482): administration
- Status
- Administration ended
- Administration began
- 2013-09-02
- Administrators
- David Michael Clements, Paul Robert Boyle
- Administrators' firm
- Harrisons Business Recovery and Insolvency
- Incorporated
- 2007-08-13
- Location
- Reading
- Industry
- 46320 Wholesale of meat and meat products
Why it went into administration
- HMRC / tax arrears
- Bad debts / customer insolvency
- Cash flow / liquidity pressure
From the administrators' statement
The Company was incorporated on 13 August 2007 and traded as a butcher shop from premises at Windy Hills, High Street, Handcross, Haywards Heath, West Sussex, RH17 6BN. The Company has been built on an existing business that has held a presence in Handcross trading from the same premises for over 50 years. The Company conducted the majority of its work by hand using trained butchers as well as offering a delivery service within the focal area providing meat from locally sourced Sussex businesses
The directors of the Company, Michael Tonen (MT”) and Richard Holmes (*RH%) had acquired the business and assets of M T Meats Limited via a pre-pack Administration sale. M T Meats Limited was a company owned and directed by MT. M T Meats Limited was placed into Administration on 12 October 2007 and converted to a Creditor Voluntary Liquidation on 20 April 2009. This company was dissolved on 14 February 2013.
In order to secure continued supply, the directors felt tt necessary to settle historic creditor balances carried over from the previous insolvency. However, this created pressures on the Company's initial cash flow
Administrators' statement of proposals (2013-10-29) · Companies House register