Wicks Interiors (UK) Ltd. (08341769): administration
- Status
- Administration ended
- Administration began
- 2017-01-09
- Administrators
- Steven Martin Stokes, Raj Mittal
- Administrators' firm
- FRP Advisory
- Incorporated
- 2012-12-27
- Location
- Birmingham
- Industry
- 82990 Other business support service activities n.e.c.
Why it went into administration
- Cash flow / liquidity pressure
- Sustained trading losses
From the administrators' statement
The Company was incorporated in December 2012 and was predominantly set up to service a contract it had secured to manufacture bedroom interiors for Whitbread Plc via a contractor AMS
The Company traded from leased premises at Unit F Highfield Road Industrial Estate Highfield Road Little Hulton Manchester M38 9ST Prior to my appointment the Company s registered address was Unit J Highfield Road Industrial Estate Highfield Road Little Hulton Manchester M38 9ST
The Companys capital expenditure since its incorporation was funded through secured loan facilities provided by ThinCats The Directors had provided personal guarantees to ThinCats in respect of the loan facilities As at the date of appointment ThinCats was owed tn the region of £1 1m (including contractual charges and interest) secured by a debenture and directly over certain chattel assets
Administrators' statement of proposals (2017-03-15) · Companies House register