Payvand Medical Hygiene Supplies Limited (06837980): administration
- Status
- Administration ended
- Administration began
- 2017-03-07
- Administrators
- Andrew Howard Beckingham, Siann Huntley
- Administrators' firm
- Leonard Curtis
- Incorporated
- 2009-03-05
- Location
- Bristol
- Industry
- 46900 Non-specialised wholesale trade
Why it went into administration
- Property / lease costs
- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure
- HMRC / tax arrears
- Creditor pressure / legal action
- Sustained trading losses
- Credit insurance / supplier credit withdrawn
From the administrators' statement
The Company was incorporated on 5 March 2009 as a vehicle to acquire the business of the insolvect company Payvand Medical Supplies Limited which had been established in 1987.
The Company traded from leased premises at 7/8 John Baker Close, Llantarnam Park Estate, Cwmbran, undertaking the manufacture and wholesale distribution of chemicals, cleaning fluids, products and equipment for the janitorial and nursing home sectors.
The Company's trading results over its first few years were generally positive. However, the Company has faced increasing cash flow pressures over the last couple of years and the initial profits of the Company's first success have largely been cancelled out by recent continued losses.
Administrators' statement of proposals (2017-05-09) · Companies House register