Grain Storage Solutions Limited (07793750): administration
- Status
- Administration ended
- Administration began
- 2015-07-22
- Incorporated
- 2011-09-30
- Location
- Manchester
- Industry
- 28302 Manufacture of agricultural and forestry machinery other than tractors
Why it went into administration
- Cash flow / liquidity pressure
From the administrators' statement
The Company was formed on 30 September 2011 and acquired assets from Brice Baker Group from the Administrator/Liquidator for c£70k.
Steve Morgan was appointed director on incorporation, following which the Directors HC1182 Ltd and Nick Wright joined the Board February 2012, and (Graham) Angus Hone in April 2012
Initial funding was provided by £50k of equity and loans of £86,250 from Sebden Steel Limited (“Sebden”), £86,250 from Wrights Trading and £57,500 from Steve Morgan **(Steve Morgan also worked for the company without remuneration from September 2011 until March 2012 to help the business get established and again for about six months at the end of 2013 )
Administrators' statement of proposals (2015-09-24) · Companies House register