TGW Distribution Ltd (07517594): administration
- Status
- Administration ended
- Administration began
- 2022-08-25
- Administrators' firm
- Robson Kay Associates
- Formerly
- The Growers Wholesale Ltd
- Incorporated
- 2011-02-04
- Location
- Leicester
- Industry
- 46610 Wholesale of agricultural machinery, equipment and supplies
Why it went into administration
- COVID-19
- Bad debts / customer insolvency
- Sustained trading losses
From the administrators' statement
Creditors should note that, unless otherwise stated, this section of my proposals has been prepared based on information provided to me by the Director of the Company and not from my personal knowledge as Administrator.
The Company was incorporated on 4 February 2011 and initially operated as a retailer of hydroponics equipment. Shortly after incorporation, the Company started the wholesale business. The Company performed well for a number of years following its incorporation.
In 2017/2018, the Company entered into a new contract and saw its turnover increase significantly. This brought a need for larger trading premises and increased staff numbers.
Administrators' statement of proposals (2022-10-24) · Companies House register