Brook Machinery Limited (09533759): administration
- Status
- Administration ended
- Administration began
- 2016-10-12
- Administrators
- Clive Morris
- Administrators' firm
- Begbies Traynor
- Incorporated
- 2015-04-09
- Location
- Preston
- Industry
- 46610 Wholesale of agricultural machinery, equipment and supplies
Why it went into administration
- Parent or group failure
From the administrators' statement
Brook Machinery Limited was incorporated 9 April 2015 under the directorship of Karen Brookes The trading history of the company to March 2016 1s unknown, as the director has failed to supply information requested by the Administrator The company traded Herdsmans House Farm, Horse Park Lane, Preston, providing farming equipment and machinery for wholesale purchase and/or hire
In March 2016, John Lavelle purchased a 50% shareholding in the company and loaned £10,000 to the company for working caprtal, for which he obtained a fixed and floating charge, created on 26 April 2016 Around the same time, the company borrowed £15,000 from Mr Wilham Thompson, to be utilised for the purchase of new machinery
In approximately July 2016, the Company ceased trading The director cited the cause of cessation of trading was a breakdown in the relationship between the shareholders, and the filing of John Lavelle’s fixed and floating charge causing the bank account to be frozen
Administrators' statement of proposals (2017-01-06) · Companies House register