LG Specialist Services Ltd (08123440): administration
- Status
- Administration ended
- Administration began
- 2020-05-15
- Administrators
- Steve Kenny
- Administrators' firm
- KBL Advisory
- Incorporated
- 2012-06-28
- Location
- Sale
- Industry
- 43999 Other specialised construction activities n.e.c.
Why it went into administration
- HMRC / tax arrears
- Creditor pressure / legal action
- Sustained trading losses
- COVID-19
- Funding withdrawn / unable to refinance
- Competition / price pressure
From the administrators' statement
A Statement of Proposals setting out how the purpose of the Administration is to be achieved will be issued to creditors as soon as reasonably practicable and certainly within eight weeks from the date of our appointment. However, to assist creditors in understanding the affairs of the Company and the reasons for the pre-packaged sale, a brief history is set out below.
The Company was incorporated on 28 June 2012 and commenced trading shortly thereafter. The Company traded from freehold premises at Station Works, Station Road, Langworth, Lincolnshire, LN3 5BB. The principal trading activity of the Company was as a floor specialist in the retail and industrial sectors.
The sole Director of the Company is Lourne Glew. The shareholders of the Company are Lourne Glew, who holds 51 Ordinary £1 shares and Jacqueline Mary Cain, who holds 49 Ordinary £1 shares.
Administrators' statement of proposals (2020-06-19) · Companies House register