# Pippin Street Limited (06809155)

> Why UK company 06809155 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/06809155

- **Status:** Administration ended
- **Administration began:** 2012-11-21
- **Administrators:** Andrew David Dick, Julian Pitts, Robert Alexander Henry Maxwell
- **Administrators' firm:** Begbies Traynor
- **Incorporated:** 2009-02-04
- **Location:** Leeds
- **Industry:** 47190 Other retail sale in non-specialised stores

## Why it went into administration

- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure
- Sustained trading losses
- Weather / natural events

## From the administrators' statement

The Company was incorporated tn 2009 and remained dormant until tt was used to acquire an established business known as Whiteleys Garden Centre, situated in Mirfield, West Yorkshire, in late 2010, from Woldelve Limited — In Administration

Funding for the £2 4Million acquisition was via a mortgage from Santander UK Plc (“the Bank”) of £1 3Mitlion with the balance being introduced by shareholders The Bank also provided a £250,000 working capital facility by way of overdraft

Whiteleys Garden Centre was a long established business that had suffered in the economic downturn after 2008, resulting in it entering a CVA in 2009 then Administration in 2010 For the avoidance of doubt, the directors of Pippin Street Limited were not part of the management of the previous owning company, Woldelve Limited

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/06809155/filing-history/MzA3MTY4MjYyNWFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/06809155

Contains public sector information from Companies House, licensed under the Open Government Licence v3.0.