Castlegate 597 Limited (07189118): administration
- Status
- Administration ended
- Administration began
- 2016-10-03
- Administrators
- Andrew J Cordon, Richard Albert Brock Saville
- Administrators' firm
- CFS Restructuring
- Incorporated
- 2010-03-15
- Location
- Nottingham
- Industry
- 47910 Retail sale via mail order houses or via Internet
Why it went into administration
- Loss of a key customer, supplier or contract
- Sustained trading losses
From the administrators' statement
The company was incorporated and commenced trading in March 2010 as a supplier and installer of external doors to the retail market, primarily through the company’s own website At the time of incorporation, the company was part of the Door Stop International Group, which manufactured composite doors
Initially, the Company expended significant sums developing and maintaining its website which, effectively, accounted for the vast majority of sales
The company, through set up costs and the investment in the {7 platform and infrastructure, was loss making Mr Armstrong was fully aware of this posrtion and was willing to undertake a restructure of the business as well as latterly, injecting additional personal funds The total of new capital injected by Mr Armstrong post acquisition amounts to £405,000
Administrators' statement of proposals (2016-11-22) · Companies House register