J R S Industries Limited (06842591): administration
- Status
- Administration ended
- Administration began
- 2011-09-02
- Administrators
- Sarah Helen Bell, Steven Muncaster
- Administrators' firm
- DL Partnership
- Incorporated
- 2009-03-10
- Location
- Manchester
- Industry
- 7487
Why it went into administration
- HMRC / tax arrears
- Creditor pressure / legal action
- Cash flow / liquidity pressure
- Loss of a key customer, supplier or contract
- Sustained trading losses
- Parent or group failure
From the administrators' statement
The Company was incorporated on 10 March 2009. Statutory information on the Company and a summary of its financial position is included at Appendix 1
The Company was formed following the departure of the only Director, RS, from the long-running family business, Wyke Plastics in August 2009. The Joint Administrators have been advised that there was no formal agreement in place when the business was divested from Wyke Plastics.
The Jomt Administrators understand that the Company agreed to take on a certain customers, together with an associated level of debt pertaining to that business, at the time the business was divested from Wyke Plastics
Administrators' statement of proposals (2011-10-27) · Companies House register