H & B Specialist Supplies Ltd (06447725): administration
- Status
- Administration ended
- Administration began
- 2023-12-19
- Administrators
- Kirsty Swan, Conrad Alan Beighton
- Administrators' firm
- Leonard Curtis
- Formerly
- H & B Special Products Ltd
- Incorporated
- 2007-12-07
- Location
- Birmingham
- Industry
- 46130 Agents involved in the sale of timber and building materials
Why it went into administration
- HMRC / tax arrears
- COVID-19
- Funding withdrawn / unable to refinance
- Property / lease costs
- Sustained trading losses
- Rising interest rates
From the administrators' statement
The Company was incorporated on 7 December 2007 and commenced to trade immediately thereafter.
The Company latterly traded from leased premises at Unit 1 River Sidings Industrial Est, Narborough, Leicester LE19 2AP. The principal trading activity of the Company was wholesaler and distributor of building products and materials.
Current director, Neil Hibbert (“NH”), and former director, Mark Bassett (“MB”), were business partners and incorporated the Company. The business was initially funded with monies injected by both directors and an invoice finance facility. The Company traded well for many years and was profitable.
Administrators' statement of proposals (2024-01-09) · Companies House register