Move Inn Supplies Ltd (11522543): administration
- Status
- Administration ended
- Administration began
- 2025-10-13
- Administrators' firm
- FRP Advisory
- Incorporated
- 2018-08-17
- Location
- St. Albans
- Industry
- 46130 Agents involved in the sale of timber and building materials
Why it went into administration
- Funding withdrawn / unable to refinance
From the administrators' statement
The Company was incorporated on 17 August 2018 and operated as a builders’ agents for the sale of timber and other building materials to the construction industry. Gurpreet Chawla and Jaydip Gohlan were appointed directors of the Company upon incorporation, and each held a 50% shareholding in the Company. The business traded from leasehold property located at Troy Wharf, Old Uxbridge Road, West Hyde, Rickmansworth, WD3 9YB. The Company employed six employees as of the 31 August 2024, information regarding the current employees has been requested from the directors however, as at the time reporting, no information had been received.
The Company’s listed current assets of inventories, debtors and cash at bank totalled £1,891,321 as at 31 August 2024. The filed accounts detailed the tangible assets including land & buildings, plant & machinery, motor vehicles, fixtures & fittings and computer equipment totalled £610,215. As at the date of our appointment it is understood that these assets have been reduced to NIL or disposed of preAdministration for nominal sums. Some assets were subject to hire purchase/lease agreements and these have been novated to a third party.
Lloyds provided the Company with CID facilities and hold fixed and floating charges over the Company's assets.
Administrators' statement of proposals (2025-12-05) · Companies House register