Dorset Road (1) Ltd (08745323): administration
- Status
- Administration ended
- Administration began
- 2015-11-26
- Administrators
- Neil Charles Money
- Administrators' firm
- CB Associates
- Formerly
- Lister Petter Manufacturing Ltd; Dorset Road (1) Limited
- Incorporated
- 2013-10-23
- Location
- Leicester
- Industry
- 64209 Activities of other holding companies n.e.c.
Why it went into administration
- Cash flow / liquidity pressure
- Creditor pressure / legal action
- Loss of a key customer, supplier or contract
- Bad debts / customer insolvency
- Property / lease costs
From the administrators' statement
The Company was incorporated in October 2013 and commenced trading in January 2014, providing electrical components to companies within the Lister Petter Group, its main client being Lister Petter Limited
On 28 Match 2014 Lister Petter Lamited was placed into Administration and Neil Money was appomted as Administrator The Company purchased the stock assets of Listet Petter Limited — In Admunistration, which comprised a latge amount of engines and associated equipment The purchase price for the stock was £350,000 plus VAT and was paid 1n full
The Company also obtained a licence from the Group to manufacture their engines and genezating sets
Administrators' statement of proposals (2016-01-21) · Companies House register