Endo Enterprises Limited (08021037): administration
- Status
- Administration ended
- Administration began
- 2013-11-01
- Administrators
- John Malcolm Titley, Mark John Colman
- Administrators' firm
- Leonard Curtis
- Incorporated
- 2012-04-05
- Location
- Preston
- Industry
- 20412 Manufacture of cleaning and polishing preparations
Why it went into administration
- Funding withdrawn / unable to refinance
- Management failings / irregularities
From the administrators' statement
The Company was incorporated on 5 Apnl 2012 and commenced trading from inception under its registered name as a manufacturer and wholesaler of infection control and heating additive products
The Company operated with nine members of staff from leasehold premises situated at Magnetic House, Media Village, Waterfront Quay, Salford Quays, Manchester M50 3XW and Unit 1, Phoentx House, Whitefield Road, Bredbury, Stockport, Cheshire SK6 25S
Inttal working capital was provided by the shareholders In October 2012, David Taylor became a director of the Company and introduced £200,000 of loan funding to assist with working capital In addition, Mr Taylor acquired 9 shares in the Company for the sum of £50,000, as illustrated al points 2.6 and 4 2 of this report, which increased the shareholding in the Company from 90 £1 shares, to99 A charge in favour of Mr Taylor was registered against the Company at Companies House in respect of his foan funding Dunng the intervening penod since his appointment as director, David Taylor injected a further £150,000 of funding/working capital into the business.
Administrators' statement of proposals (2013-12-19) · Companies House register