Garage Shoes Limited (06485576): administration
- Status
- Administration ended
- Administration began
- 2013-10-11
- Administrators
- Michael Christian Kienlen, Mark Nicholas Ranson
- Administrators' firm
- Opus Restructuring
- Incorporated
- 2008-01-28
- Location
- Leeds
- Industry
- 47721 Retail sale of footwear in specialised stores
Why it went into administration
- Property / lease costs
From the administrators' statement
The Company was introduced to Armstrong Watson by Wine & Co Chartered Accountants in order to discuss the options available to them with a view to conducting a limited period of marketing of the business. In this case, the Joint Administrator considered a pre-packaged sale to be necessary because it was a way of protecting both the business and assets if any of the landlords were to take further action in relation to the outstanding rents as the Company did not have sufficient funding to pay the September quarter rent.
I can confirm that Armstrong Watson were formally engaged by the Company on 26 September 2013.
2.2
Administrators' statement of proposals (2013-11-19) · Companies House register