Westernhaven Limited (08512739): administration
- Status
- Administration ended
- Administration began
- 2014-11-13
- Administrators
- Shane Biddlecombe, Gordon John Johnston
- Administrators' firm
- Asset Recovery & Insolvency
- Formerly
- Signals Technology Limited
- Incorporated
- 2013-05-01
- Location
- Southampton
- Industry
- 61200 Wireless telecommunications activities
Why it went into administration
- Loss of a key customer, supplier or contract
From the administrators' statement
Westernhaven Limited was incorporated on 1 May 2013, under the name Signals Technology Limited, for the purpose of providing the installation of vehicle tracking equipment for insurance companies and major commercial users
The key personnel were Mr Martyn Wilhams and Ms Noelle Hartliess The Company began trading in September 2013 and was funded by a factoring facility with Aldermore Bank pic and a £15,000 overdraft from Barclays Bank Pic
The business traded successfully for the first 6 months turning over £30,000 per month reporting a modest profit however, the directors found it increasingly difficult to work together following the failure of a personal relationship
Administrators' statement of proposals (2014-12-31) · Companies House register