ITS (GB) Limited (06578434): administration
- Status
- Administration ended
- Administration began
- 2016-12-09
- Administrators
- Sarah Cook, Miles Needham
- Administrators' firm
- FRP Advisory
- Formerly
- Chorus Logistics Limited
- Incorporated
- 2008-04-28
- Location
- St Albans
- Industry
- 74909 Other professional, scientific and technical activities n.e.c.
Why it went into administration
- Creditor pressure / legal action
From the administrators' statement
The Company was incorporated in 2008 and facilitated the import of goods to the UK from the Far East and the United States, Its managing director and sole shareholder since incorporation was Justin MacRae and further information regarding Company Officers can be found at appendix A Recently the business traded from leasehold premises tn Bath, Somerset.
The business was funded by a number of funders throughout its history but most recently, through trade finance facility provided by SPTL and banking and overdraft facilites provided by Barclays Both facilities were secured by debentures over the Company.
Administrators' statement of proposals (2017-02-13) · Companies House register