Troy (UK) Limited (07311366): administration
- Status
- In administration
- Administration began
- 2025-02-07
- Administrators
- Paul Berkovi, Mark Granville Firmin
- Administrators' firm
- Alvarez & Marsal
- Formerly
- Troy (UK) Holdings Limited; Ensco 804 Limited
- Incorporated
- 2010-07-12
- Location
- Brighton
- Industry
- 46900 Non-specialised wholesale trade
Why it went into administration
- Creditor pressure / legal action
- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure
- HMRC / tax arrears
- Sustained trading losses
From the administrators' statement
The Company was incorporated on 12 July 2010 under the name ENSCO 804 Limited. The Company name was changed on 9 November 2010 to Troy (UK) Holdings Limited before changing to Troy (UK) Limited on 23 January 2012.
The Company was the UK’s largest independent network for tools and maintenance supplies and offered a network for independent SME businesses in the market (the “Members”) by providing access to key multinational suppliers (the “Suppliers”), product expertise, data services, technology solutions and other business services.
The Company’s network allowed Members to place orders directly with Suppliers on preferential terms, with Suppliers providing products directly to the Members. The Suppliers in turn invoiced and received payment from the Company for the products supplied, whilst the Company concurrently invoiced and collected payment from the Members. The Company generated a profit through various rebate and settlement agreements with the Suppliers.
Administrators' statement of proposals (2025-04-10) · Companies House register