The Licence Factory Limited (06742339): administration
- Status
- Administration ended
- Administration began
- 2011-06-10
- Administrators' firm
- RSM
- Formerly
- New BAI International Limited; Fleetness 637 Limited
- Incorporated
- 2008-11-05
- Location
- Manchester
- Industry
- 5190
Why it went into administration
- Creditor pressure / legal action
- Bad debts / customer insolvency
- Cash flow / liquidity pressure
From the administrators' statement
The Company was incorporated on 5 November 2008 as New BAI International Limited however remained dormant until September 2009
Following the acquisition of the business and assets of BAI International Limited from its Administrators in September 2009 the Company commenced to trade The Company subsequently changed its name on 2 July 2010 to The Licence Factory Limited
The Company traded from leasehold premises at Newbury Road, Hazel Grove, Stockport with an annual rental of £250,000 Financing of the business was through GE Commercial Finance Limited (‘GE”) by virtue of an asset finance facility and through the financial support from its parent company, Marlwood Pic (*Marlwood”).
Administrators' statement of proposals (2011-08-12) · Companies House register