Aquatics Express Distribution Ltd (08509271): administration
- Status
- Administration ended
- Administration began
- 2018-03-06
- Incorporated
- 2013-04-29
- Location
- Norwich
- Industry
- 46900 Non-specialised wholesale trade
Why it went into administration
- HMRC / tax arrears
From the administrators' statement
The Company was incorporated on 29 April 2013 by Craig Carson for the purpose of importing a range of products from overseas for wholesale distribution to aquatics shops in the UK. Mr Carson has worked in the aquatic industry for many years and had developed relationships with the manufacturers of the products.
The Company initially traded from a small aquatic shop based in Norwich, Norfolk with each profit made on sales being invested back into the Company to purchase further stock. In September 2013, a regular customer of the Company, Mark Daniels, expressed interest in investing into the Company and becoming a partner. From this point, the directors moved into a targer warehouse and Mr Daniels invested funds into the Company to build an office within the premises and purchase plant and machinery,
The Company held no formal PAYE scheme; however, the daily running of the business was supported by the directors and their wives. The Company initially engaged the services of Mr Daniels’ brother in law to assist with the financial running of the Company. However, the accounts were incorrectly filed, and subsequently the accounts were handed over to a chartered accountant.
Administrators' statement of proposals (2018-05-16) · Companies House register