Galloway (Holdings) Limited (06569223): administration
- Status
- Administration ended
- Administration began
- 2016-08-12
- Administrators
- Robert Hunter Kelly, Andrew James Davison
- Administrators' firm
- EY
- Formerly
- Imco (12008) Limited
- Incorporated
- 2008-04-17
- Location
- Leeds
- Industry
- 82990 Other business support service activities n.e.c.
Why it went into administration
- Sustained trading losses
- Cash flow / liquidity pressure
- Creditor pressure / legal action
From the administrators' statement
GHL was incorporated in 2008 and served as the non-trading parent company of six whollyowned subsidiary companies GGL, DEL and four non-trading entities The principal activities of GGL and DEL were the fabrication, design and installation of ductwork for customers across the construction, marine, oil & gas, nuclear and process industry sectors DEL was involved tn the sale and distribution under licence of duct joining products on a worldwide basis (excluding the US) which were manufactured by GGL
Consolidated financial results were prepared for the Group however, as GHL served only as a holding company, Its profit and loss transactions were nominal GHL's recent balance sheets are summansed below Management have advised that full monthly management accounts continued to be prepared for the Group (but not GHL specifically) up until May 2016, however the Group continued to be loss making
Total Creditors Assets Creditors
Administrators' statement of proposals (2016-10-19) · Companies House register