A & M Softwoods Timber Ltd (07921181): administration
- Status
- Administration ended
- Administration began
- 2012-10-23
- Administrators
- Jamie Playford
- Administrators' firm
- Acuity Professional Partnership
- Incorporated
- 2012-01-24
- Location
- Norwich
Why it went into administration
- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure
- Creditor pressure / legal action
From the administrators' statement
A & M Softwoods Timber Limited (“the Company”) was incorporated on 24 January 2012 and provided specialist wholesale wood and construction material solutions
The orginal business was Peter and Jane Corale Meadows as a partnership This business was incorporated in September 2010 under the name A & M Softwoods Limited (“AMS”) of which Jane Coralie Meadows was sole director and shareholder AMS was funded by an invoice finance facility from Aldermore from November 2010 Aldermore introduced Mr & Mrs Meadows to Simon Wilkinson, an accountant and business advisor AMS entered Administration in December 2011
The Company was formed in January 2012 with Saily Wilkinson, wife of Simon Wilkinson, sole director and Simon Wilkinson sole shareholder Its purpose was to purchase the business and assets from AMS However, it would appear that Mr Wilkinson purchased these personally. Bibby Financial Services Limited (“Bibby”) provided invoicing financing for the Company
Administrators' statement of proposals (2012-12-28) · Companies House register