Hein Gericke Motorcycle Equipment UK Limited (08196593): administration
- Status
- Administration ended
- Administration began
- 2013-12-16
- Administrators' firm
- Kroll
- Incorporated
- 2012-08-30
- Location
- London
- Industry
- 47789 Other retail sale of new goods in specialised stores (not commercial art galleries and opticians)
Why it went into administration
- Weak consumer demand
- Cash flow / liquidity pressure
From the administrators' statement
The acquisition of the business of HG UK tn July 2012 included the assignment of certain of HG UK’s leasehold interests across the UK, for a total consideration of £615,000 At the Appointment Date, the Company was operating from 16 leasehold premises
During the year ended 30 September 2013, the Company made a loss of £32,185 on a reported turnover of £4,429,520
According to the Directors, the losses incurred by the Company and the resulting cashflow | problems can be attributed to the following
Administrators' statement of proposals (2014-01-29) · Companies House register