First Corp Limited (07724005): administration
- Status
- Administration ended
- Administration began
- 2013-01-07
- Administrators' firm
- Mazars
- Incorporated
- 2011-08-01
- Location
- Sheffield
- Industry
- 47290 Other retail sale of food in specialised stores
Why it went into administration
- Funding withdrawn / unable to refinance
- Sustained trading losses
- Property / lease costs
- Weather / natural events
From the administrators' statement
Tne Company was incorporated on 1 August 2011 Barney Taylor ano Leo Taylor were appoinied as directors of the Company upon incorporation and acquired equal noldings of the Companys issued share capital
jhe Company was a successor business of QSR Limited t/a Fist Taste Central (QSR"), an associated company which traded in the corporate catering sector supplying fresnly maoe gourmet sandwiches to corporate clients and to the public through a number of retail outlets in serviced offices
QSR had been placed into Aaministration on 26 October 2011 with Rovert Acamson and Tim Askham of Mezars LLP being appointed as Joint Administrators The Company acquired QSR’s pusiness and assets in a pre-packaged sale upon tne appointment of Joint Administrators ior a consideration of £20 000, subject to deferred payment terms In accordance with the sale agreement, £10,000 was paid upon completion of the sale, followed by ten equal monthly instalments of £1 000 The deferrec element of tne conside ation was secured oy personal guarantees from Barney anc Leo Taylor
Administrators' statement of proposals (2013-03-13) · Companies House register