Evridge Greenwood Limited (09187593): administration
- Status
- Administration ended
- Administration began
- 2015-09-10
- Administrators
- Julien Robert Irving, Andrew Poxon
- Administrators' firm
- Leonard Curtis
- Incorporated
- 2014-08-22
- Location
- Manchester
Why it went into administration
- HMRC / tax arrears
- Cash flow / liquidity pressure
- Creditor pressure / legal action
- Weak consumer demand
- Funding withdrawn / unable to refinance
From the administrators' statement
The Company was incorporated on 22 August 2014 and commenced trading on 12 September 2014 The current directors of the Company are David Potter and lan Hogg, the latter also being the sole shareholder The Company also traded as Evridge Greenwood, Greenwood, Greenwood Engineering and Greenwood Lonsdale
The Company purchased the business and assets of Greenwood Lonsdale Limited, which entered administration on 12 September 2014 The Company operated as a genera! engineering shop, manufacturing carpeting grippers and carries, being the ‘Greenwood’ side of the business, and tools, being the ‘Lonsdale’ side of the business The Company traded from leasehold premises at Units 1 and 13, Scotts Industral Park, Fishwick Street, Rochdale, OL16 5NA
To aid working capital requirements, the Company entered into an invoice finance agreement with Positive Cashflow Finance Limited (“Positive’} who hold security by way of a debenture, creating fixed and floating charges over the Company's assets
Administrators' statement of proposals (2015-11-03) · Companies House register