Jade Babycare Logistics Limited (06797439): administration
- Status
- Administration ended
- Administration began
- 2015-10-26
- Administrators
- Mark Newman, James Patrick Nicholas Martin
- Administrators' firm
- CCW Recovery Solutions
- Incorporated
- 2009-01-21
- Location
- Oldbury
- Industry
- 52103 Operation of warehousing and storage facilities for land transport activities
Why it went into administration
- Rising costs / inflation
- HMRC / tax arrears
- Creditor pressure / legal action
From the administrators' statement
The Company was incorporated in January 2009 The Company's purpose was to provide a dehver and build service of children’s flat pack nursery furniture for furniture suppliers and for private individuals
The business was funded by way of an invoice finance factlhty with Positive Cash Flow Finance Limited
The business in its first three years of trading sought to establish itself within the market place and incurred losses totalling some £19,000
Administrators' statement of proposals (2015-12-15) · Companies House register