M.R.S. Protherm Limited (06391807): administration
- Status
- Administration ended
- Administration began
- 2018-02-26
- Formerly
- M.R.S Cold Stores Ltd
- Incorporated
- 2007-10-08
- Location
- Grimsby
- Industry
- 96090 Other service activities n.e.c.
Why it went into administration
- Creditor pressure / legal action
From the administrators' statement
The Company has traded since October 2007 as a provider of cold store facilities. The Company has traded from leased premises at both Grimsby and Scunthorpe and has now ceased to trade, prior to Administration.
The Company had vacated a premises in Scunthorpe during March 2017 and later received a claim form in December 2017 for dilapidations and associated costs that it was unable to pay, and the Company was unclear as to its potential liability. It was apparent that legal proceedings could follow, as documentation had already been filed at Birmingham County Court, and as the Company could not readily defend these proceedings, or readily manage the implications of them, the Company sought advice from its solicitor.
The Administrator's firm was then consulted and it was apparent that the value of the Company’s assets were not as much as its liabilities and a decision to place the Company into Administration was made by the Board, following consideration of the circumstances.
Administrators' statement of proposals (2018-04-25) · Companies House register