Global Turbocharger Solutions Ltd (06446316): administration
- Status
- Administration ended
- Administration began
- 2012-01-16
- Administrators
- John Christopher Sallabank, Paul Robert Boyle
- Administrators' firm
- Harrisons Business Recovery and Insolvency
- Incorporated
- 2007-12-06
- Location
- Manchester
- Industry
- 7487
Why it went into administration
- Competition / price pressure
- Creditor pressure / legal action
- Property / lease costs
From the administrators' statement
The Company was incorporated and commenced trading in December 2007 and we have been advised that it predominantly provided servicing, technical support and spare parts for turbochargers including the Napier, ABB, Hispano and KKK brands to customers in various countries around the world
The Company has two directors Paul Munnelly (PM’) and Mark Dean CMD), both of which were appointed on 6 December 2007 and issued with 45 and 55 shares respectively
The Company took occupation in September 2010 of office/warehouse premises at Great Northern Terrace, Lincoln which were occupied under the terms of a lease at an annual rent of £7,280
Administrators' statement of proposals (2012-03-14) · Companies House register