Universal Fuels Limited (07010713): administration
- Status
- Administration ended
- Administration began
- 2017-05-09
- Incorporated
- 2009-09-07
- Location
- Altrincham
- Industry
- 46120 Agents involved in the sale of fuels, ores, metals and industrial chemicals
Why it went into administration
- Competition / price pressure
- Creditor pressure / legal action
- Property / lease costs
- Cash flow / liquidity pressure
From the administrators' statement
Universal Fuels Limited (hereinafter referred to as ‘the Company’) was incorporated on 7 September 2009 with Oliver Morgan appointed as the director. Leslie Barwick was appointed as director on 23 May 2016 and resigned from his office on 23 April 2017.
The Company's shares are divided into two categories — ordinary A and ordinary B shares, with the latter having no voting rights in any circumstances. The controlling shareholder is Oliver Morgan who holds 282,887 ordinary A shares.
The Company commenced trading from rented premises at 118 Coombe Lane, Croydon, Surrey, CRO SRF as sellers of fuels and other industrial chemicals. Subsequently, the business utilised depots in East Anglia, Grays and Theale to make deliveries to customers across the country.
Administrators' statement of proposals (2017-09-03) · Companies House register