A1 Supermarket Ltd (06492919): administration
- Status
- Administration ended
- Administration began
- 2015-09-10
- Administrators
- Tauseef Ahmed Rashid
- Administrators' firm
- Quantuma
- Incorporated
- 2008-02-04
- Location
- Stapleford
- Industry
- 47190 Other retail sale in non-specialised stores
Why it went into administration
- Cash flow / liquidity pressure
- Creditor pressure / legal action
From the administrators' statement
The business was established in February 2008 and the principal activity of the Company was trading as a small supermarket, specialising in Asian groceries and Halal meat The Company traded from leasehold premises at 243 — 245 Stratford Road, Sparkbrook, Birmingham, though the lease was in the name of the Company's Director, personally, rather than in the name of the Company
At the commencement of trading the Company was reliant upon the credit terms offered by its largest suppliers and personal funds introduced by the Director, who, at the time, also had another salaried position
The brand of ‘A1 Supermarkets’ grew and several stores opened across the Birmingham area The other stores were traded as separate legal entities and all stores were reltant upon the support and credit offered by its suppliers Nevertheless, the Company traded successfully for the first few years, and the brand became weil known in the local area
Administrators' statement of proposals (2015-10-23) · Companies House register