W J White Contract Furniture Ltd (11063471): administration
- Status
- Administration ended
- Administration began
- 2018-11-02
- Administrators' firm
- KRE Corporate Recovery
- Incorporated
- 2017-11-14
- Location
- Reading
- Industry
- 31010 Manufacture of office and shop furniture
Why it went into administration
- HMRC / tax arrears
- Creditor pressure / legal action
- Sustained trading losses
From the administrators' statement
3.1 KRE Corporate Recovery LLP (“KRE”) were called late afternoon on 8 October 2018 by one of the Company’s directors, Sebastian Moore (“SM”). He had chosen to call KRE after a search of the websites of various insolvency and corporate recovery practitioner firms in the Thames Valley. Prior to this call, neither KRE nor any of its partners or staff were aware of the Company and no one at KRE had had any prior dealings with the Company or any of its directors.
3.2 We were advised by SM during that call that HM Revenue & Customs (“HMRC”) had just issued a petition for the Compulsory Winding Up of the Company for unpaid tax of around £300,000 to be heard in the High Court on 21 November 2018 and that there was no realistic prospect of discharging the debt.
3.3. We therefore arranged to meet with SM and another director Peter White the next day (9 October 2018) to review the Company’s financial position and to discuss the options available.
Administrators' statement of proposals (2018-12-20) · Companies House register