JG Products Ltd (09434381): administration
- Status
- Administration ended
- Administration began
- 2018-01-09
- Administrators
- Paul Ellison, Gareth Wyn Roberts
- Administrators' firm
- KRE Corporate Recovery
- Formerly
- Relax Seating Limited
- Incorporated
- 2015-02-11
- Location
- Reading
- Industry
- 31090 Manufacture of other furniture
Why it went into administration
- Creditor pressure / legal action
- Property / lease costs
From the administrators' statement
3.1 The Joint Administrators received a call from Advantedge on the evening of Monday 8 January 2018, asking them whether they would be prepared to accept the appointment as Administrators.
3.2. The Joint Administrators were informed that bailiffs, acting for Wycombe District Council (for unpaid business rates of £32,000), were proposing to attend the Company’s premises the following day to uplift and remove assets in respect of the unpaid business rates liability.
3.3 On 9 January 2018, Gareth Roberts and Paul Ellison of KRE Corporate Recovery LLP were appointed Joint Administrators of the Company following the filing of a Notice of Appointment of Administrators by the QFCH, Advantedge Commercia! Finance (previously Factor21 Plc) (“Advantage”).
Administrators' statement of proposals (2018-03-09) · Companies House register