Silvan Select Limited (07557202): administration
- Status
- Administration ended
- Administration began
- 2023-06-28
- Administrators
- Philip Ballard, Craig Andrew Ridgley
- Administrators' firm
- Philip Ballard of Ballard Business Recovery
- Incorporated
- 2011-03-09
- Location
- Lichfield
- Industry
- 16100 Sawmilling and planing of wood
From the administrators' statement
The Company was incorporated as Silvan Select Limited ("the Company”) on 9 March 2011 and commenced trading immediately under the trading names Silvan.
On 29 June 2023 the Joint Administrators produced their statement to creditors pursuant to Statement of Insolvency Practice 16 (SIP16) which is available for viewing and download on Ballard Business Recovery Limited's creditor area using the login details provided within the letter to creditors. The SIP16 statement details the circumstances leading up to the appointment of the Joint Administrators and I do not propose to repeat the content within the Proposals.
Creditors will note from the SIP16 statement that the only viable options available to the Company were to cease trading immediately and enter a liquidation process, or negotiate a sale of the business assets via a pre pack administration process. It was concluded that the latter provided a better outcome for the Company's preferential creditors.
Administrators' statement of proposals (2024-05-02) · Companies House register