The Great Annual Savings Company Ltd (08086347): administration
- Status
- In administration
- Administration began
- 2023-05-16
- Administrators
- Martyn James Pullin, Allan David Kelly
- Administrators' firm
- FRP Advisory
- Incorporated
- 2012-05-29
- Location
- Stockton-on-Tees
- Industry
- 74909 Other professional, scientific and technical activities n.e.c.
Why it went into administration
- HMRC / tax arrears
- Creditor pressure / legal action
- COVID-19
- Cash flow / liquidity pressure
From the administrators' statement
GAS was established in 2012 by Bradley Groves and is a wholly owned subsidiary of Byron. Byron was established in 2019 as part of a reorganisation to act as the parent company to GAS with the Lender replacing the incumbent bank at this time.
Byron is majority owned (90%) by the Groves family with the remaining shares owned
by Judith Bennison (director) and the original external investors. Mr Groves was managing director and Ms Bennison was human resources director.
Administrators' statement of proposals (2023-07-17) · Companies House register