Grangeway Capital Limited (07602161): administration
- Status
- Administration ended
- Administration began
- 2013-04-25
- Administrators' firm
- Begbies Traynor
- Incorporated
- 2011-04-13
- Location
- Stoke on Trent
- Industry
- 47240 Retail sale of bread, cakes, flour confectionery and sugar confectionery in specialised stores
Why it went into administration
- Cash flow / liquidity pressure
- Creditor pressure / legal action
From the administrators' statement
The Administrators’ statement of proposals for achieving the purpose of the administration which will be sent to creditors in due course will provide detailed information in relation to the Company However, to assist creditors who may have a limited understanding of the Company and its affairs to better understand the reasons for the pre-packaged sale, we have provided certain background information at this stage
The Company operated as a sweet retailer supplying sweets to the general public through the three stores that it operated in Essex, Cardiff and Bristol and also through its website St now employs a total of 22 members of staff across the three stores and the admmistration team The Company has always been funded by the director personally and it has never had any borrowings
The reasons for the Company’s insolvency
Administrators' statement of proposals (2013-06-21) · Companies House register