Whitestar Management Limited (06398201): administration
- Status
- Administration ended
- Administration began
- 2016-08-24
- Administrators' firm
- CG&Co
- Incorporated
- 2007-10-15
- Location
- Manchester
- Industry
- 38110 Collection of non-hazardous waste
Why it went into administration
- Creditor pressure / legal action
From the administrators' statement
21 We were approached by Travis Consultancy on 11 August 2016 acting as advisors to the Company A meeting was held on 24 August 2016 at CG&Co’s offices with a representative of Travis Consultancy and the director, Mr J C Frayne The meeting was advised that the Company was under threat of a winding up petition from HM Revenue & Customs The directors were also receiving advice from another Insolvency Practitioner in connection with a Company Voluntary Arrangement, which was in the early stages of preparation [It was agreed with both directors, that to protect the Company’s position in respect of the asset purchase agreement with EMS Waste Services Limited, that Administration was the most suitable route Legal advice had been obtained regarding the asset purchase agreement, enabling the Joint Administrators to be comfortable that they would be able to achieve a better realisation in respect of the agreement than would be achieved in Liquidation
22 As a result, Stephen L Conn and Jonathan E Avery-Gee of CG&Co, 17 St Ann's Square, Manchester, M2 7PW licensed insolvency practitioners, were appointed Joint Administrators of the Company by the Directors of the Company on 24 August 2016 The Joint Administrators act jomntly and severally in the Administration
23 The Administration is registered in the Manchester District Registry, under reference number 2768 of 2016
Administrators' statement of proposals (2016-10-28) · Companies House register