BBS Granite Concepts Limited (06449831): administration
- Status
- Administration ended
- Administration began
- 2021-10-04
- Administrators
- Laura Baxter, Andrew Graham Mackenzie
- Administrators' firm
- Begbies Traynor
- Incorporated
- 2007-12-11
- Location
- Hull
- Industry
- 46130 Agents involved in the sale of timber and building materials
Why it went into administration
- Property / lease costs
- Rising costs / inflation
- Supply chain disruption
- Bad debts / customer insolvency
- Sustained trading losses
- Competition / price pressure
From the administrators' statement
BBS Granite Concepts Limited (“the Company”) was incorporated on 11 December 2007 and the purpose of the Company’s business was to provide direct access to the Far East for the supply of granite and sandstone. The Company’s registered office was Wharfe House, Wharfebank Mills, Ilkley Road, Otley, LS21 3JP and the Company traded from premises at Flat 1, The Hill, Regent Street, Lutterworth, Leicestershire,
Philip Richard Waite, Fraser Cairns Young, Kevin David Hives, Philip John Hart, Mark Edward Freedman and Anthony Newlyn Foster (“the Directors”) were appointed as Directors of the Company with Kevin David Hives, Philip John Hart, Mark Edward Freedman and Anthony Newlyn Foster owning 175 shares each and Philip Richard Waite and Fraser Cairns Young owning 150 shares each of the 1,000 ordinary £1 shares.
With a strong customer base initial trading was good and regular repeat business in the London market was the basis for the success of the Company. Scotland was a major area for granite and the experience of Mark Freedman developed this to become a major contribution to the overall turnover.
Administrators' statement of proposals (2021-12-01) · Companies House register