Leapfrog Group G.B. Ltd (07591677): administration
- Status
- Administration ended
- Administration began
- 2013-11-21
- Administrators
- Gary Norton Lee, Francesca Tackie
- Administrators' firm
- Begbies Traynor
- Incorporated
- 2011-04-05
- Location
- Bolton
- Industry
- 33130 Repair of electronic and optical equipment
Why it went into administration
- HMRC / tax arrears
- Creditor pressure / legal action
- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure
- Bad debts / customer insolvency
From the administrators' statement
The Administrators’ statement of proposals for achieving the purpose of the administration which will be sent to creditors as soon as practicable will provide detailed information in relation to the Company However, to assist creditors who may have a limited understanding of the Company and tts affairs to better understand the reasons for the pre-packaged sale, we have provided certain background information at this stage
The Company sells and installs audio and video equipment and traded from a leasehold property in Bolton The Company employed 10 staff and annual tumover was in the region of £800k
The reasons for the Company's insolvency
Administrators' statement of proposals (2013-12-05) · Companies House register