GO Electrical Wholesalers Limited (08483316): administration
- Status
- Administration ended
- Administration began
- 2014-11-14
- Incorporated
- 2013-04-11
- Location
- Manchester
- Industry
- 47540 Retail sale of electrical household appliances in specialised stores
Why it went into administration
- Funding withdrawn / unable to refinance
- HMRC / tax arrears
- Bad debts / customer insolvency
- Competition / price pressure
From the administrators' statement
The Company was incorporated on 11 April 2013 by Mark Millington (“the Director’) The Company began to trade in August 2013 following a demerger from Electric Light & Power Store Ltd (“ELP”)
The Director had a wealth of experience within the industry and continued to trade from three sites, Earley, Didcot and Dagenham
An existing chent base ensured immediate continuity of trade However, the demerger from ELP cost more than anticipated and left the Company exposed to historic liabilities
Administrators' statement of proposals (2014-12-08) · Companies House register