Montgomery Furnishings Limited (08670653): administration
- Status
- Administration ended
- Administration began
- 2014-07-01
- Administrators
- Stephen Gerard Clancy, Steven Muncaster
- Administrators' firm
- Kroll
- Incorporated
- 2013-09-02
- Location
- Manchester
Why it went into administration
- HMRC / tax arrears
- Cash flow / liquidity pressure
- Creditor pressure / legal action
- Competition / price pressure
- Loss of a key customer, supplier or contract
From the administrators' statement
Statutory information on the Company and a summary of its financial history ts included at Appendix 1 The Company was incorporated on 2 September 2013 and therefore, no statutory accounts have been filed However, management accounts have been provided
On 4 September 2013, the Company purchased the business and assets of MTL
The Company is connected to MTL by virtue of the common directorships of Mr Goodman — King, Ms Hulme and Ms McEwan The business and assets purchased consisted of plant & machinery, stock, book debts and WIP, goodwill, intellectual property and customer contracts for the total sum of £975,000
Administrators' statement of proposals (2014-09-01) · Companies House register