Thorn Warehousing Limited (07711317): administration
- Status
- Administration ended
- Administration began
- 2014-04-14
- Administrators
- Stephen Gerard Clancy, Steven Muncaster
- Administrators' firm
- Kroll
- Incorporated
- 2011-07-20
- Location
- Manchester
- Industry
- 52290 Other transportation support activities
Why it went into administration
- HMRC / tax arrears
- Cash flow / liquidity pressure
- Creditor pressure / legal action
- Weather / natural events
- Rising costs / inflation
- Competition / price pressure
From the administrators' statement
Statutory information on the Company and a summary of Its financial history 1s included at Appendix 1
The Company was incorporated in July 2011 and commenced trading shortly after incorporation On 14 October 2011 the Company granted a fixed and floating charge in favour of Bibby for the provision of an invoice discounting finance agreement in order to assist with the Company's cash flow position
The Company operated from a leased warehouse that Is personally owned by the Company’s Director Initially, the Company's business model focussed on general warehousing services as well as providing both self-drive and operated hire of working at height machinery as an additional revenue stream
Administrators' statement of proposals (2014-05-07) · Companies House register