Traxx (Aggregates) Limited (06808872): administration
- Status
- In administration
- Administration began
- 2016-10-11
- Administrators
- Andrew Turpin, Matthew Douglas Hardy
- Administrators' firm
- Quantuma
- Incorporated
- 2009-02-03
- Location
- Birmingham
- Industry
- 08110 Quarrying of ornamental and building stone, limestone, gypsum, chalk and slate
Why it went into administration
- Bad debts / customer insolvency
From the administrators' statement
The Company was incorporated on 3 February 2009 by Director, Nigel Jones and carned on the business of a working quarry from two locations in Newport, Shropshire and Coleshill, Birmingham
The Company's mai trading objective was the ongoing extraction of sand from both sites for sale to the building industry
The Company continued to trade for a couple of years and in October 2011 acquired investment in the Company from Recycling Management Limited (“RML”) in respect of a Secured Loan for £250,000 tn addition to acquiring a 50% shareholding in the Company A further Unsecured Loan was provided to the Company and a balance of £57,000 remains outstanding
Administrators' statement of proposals (2016-12-21) · Companies House register