Drewery and Wheeldon (Lettings) Ltd (06452838): administration
- Status
- Administration ended
- Administration began
- 2011-12-08
- Administrators
- Richard Albert Brock Saville, Andrew J Cordon
- Administrators' firm
- Begbies Traynor
- Incorporated
- 2007-12-13
- Location
- Nottingham
- Industry
- 7487
Why it went into administration
- HMRC / tax arrears
- Parent or group failure
From the administrators' statement
The business started in 1879 and has passed through generations of both the directors’ famihes The current group structure was implemented some four years ago with a view to managing and budgeting each aspect of the Group’s business more efficiently
The Group had, over the past four years, seen tumover fall year on year with the losses funded, in part, by the Bank, and HMRC The Directors began an in-depth review of the Group in June 2010 as the recovery in the residential market began to show signs of faltenng This review resulted in the liquidation of one of tts Companies, AG Bawiry Limited making several employees redundant
The Group began io experience financial difficultes as a consequence of the detenorating trading performance of the individual entites within the Group over the last four years The main reasons for this are as fallows -
Administrators' statement of proposals (2012-01-19) · Companies House register