Swift 4U Limited (06402786): administration
- Status
- Administration ended
- Administration began
- 2013-02-18
- Administrators
- Christopher Kim Rayment, William Matthew Humphries Tait
- Administrators' firm
- BDO
- Incorporated
- 2007-10-18
- Location
- Gatwick
- Industry
- 47300 Retail sale of automotive fuel in specialised stores
From the administrators' statement
In early 2013 Mr Reiss attended a meeting with Clydesdale Bank plc (“Clydesdale” or “the Bank”) at which he advised that either $S4U or S4U or both were in occupation or trading from 5 sites; being those referred to earlier in this report at Cheltenham, Lancaster, Peterborough, Walsall, and Gloucester, and requested further funding from the Bank to allow the Compames to continue trading.
At the beginning of February 2013 Clydesdale sought to agree with Mr Reiss the terms of an Independent Business Review covering both Companies to be undertaken by BDO The scope was to review the previous 12 months trading and management’s forecasts for the following 12 months In order for this to proceed Mr Reiss was asked to provide certain information.
It soon became apparent, however, that Mr Reiss was either unwilling or unable to provide the requested information in a suitably timely manner
Administrators' statement of proposals (2013-04-18) · Companies House register