Fire Vehicle Services Limited (07922306): administration
- Status
- Administration ended
- Administration began
- 2012-11-27
- Administrators
- James Patrick Nicholas Martin, Stephen Anthony John Ramsbottom
- Administrators' firm
- Begbies Traynor
- Formerly
- FVS Gloucester Limited
- Incorporated
- 2012-01-24
- Location
- Bristol
From the administrators' statement
The Campany was incorporated on 24 January 2012 for the specific purpose of purchasing the business and assets of FVS Realisations Limited (formerly Fire Vehicle Services Limited} (‘FVSR”) FYSR entered into administration on 9 February 2012 FYVSR commenced trading in 1998 and specialised in the refurbishment repaw service and spare part market for fire vehicles within the aviation, domestic, military and industrial sector
The Company held its banking facilities with Santander Bank Pic | Santander’) who orovided a trading overdraft The Oirector provided a personal guarantee to Santander in respect of any residual indebtedness in the event that the Company is unable to settle amounts advanced
At the time of the acquisition of FVSR, a receipt of a substantial commission payment associated with a contract involving fire vehicles was anticipated The amount due was £174k to be paid to the Company in or around April 2012 In August 2012 a part payment was received following protracted negotiations regarding the contract As a result, the overall value of commission payable was reduced to £107k Of this amount, £43k remains outstanding A significant amount of time was spent in dealing
Administrators' statement of proposals (2013-01-25) · Companies House register