Hathern Nurseries Limited (07147138): administration
- Status
- Administration ended
- Administration began
- 2014-11-21
- Administrators
- Ian James Gould, Edward Terence Kerr
- Administrators' firm
- BDO
- Incorporated
- 2010-02-05
- Location
- Leicester
- Industry
- 01300 Plant propagation
From the administrators' statement
The Company was incorporated on 5 February 2010 and operated a garden centre in Hathern, Leicestershire on land not owned by the Company but by the shareholders John Barker and Andrew Barker. Negotiations have been ongoing for one of the Directors, Simon Ellis, to buy the land.
The Company traded profitably in the year, but struggled to meet its abilities as they fell due. The Company began to have cash flow issues as the seasonal down turn in trade occurred. One creditor began to exert pressure on the Company threatening to petition for its wind-up. This ted the directors to seek advice from BDO LLP.
Whilst the proposed Administrators were reviewing the financial position of the Company, Simon Ellis indicated his intention to make an offer for the assets of the Company, if a deal could be agreed for him to acquire the land from the Company.
Administrators' statement of proposals (2015-01-21) · Companies House register