Haroon Enterprises Limited (SC228694): administration
- Status
- Administration ended
- Administration began
- 2012-02-24
- Administrators
- Claire Louise Middlebrook
- Administrators' firm
- Xeinadin
- Incorporated
- 2002-03-04
- Location
- Stirling
- Industry
- 45320 Retail trade of motor vehicle parts and accessories
Why it went into administration
- HMRC / tax arrears
- Management failings / irregularities
From the administrators' statement
The company operated as a wholesale supplier of food and drink to numerous retail outlets throughout the central belt of Scotland.
According to the statutory accounts filed at Companies House the company enjoyed a dramatic upturn in sales during the financial year 2009/2010. From information available the company sought capital from various sources in order to fund its growing business.
In late 2011 the company was successful in securing funding from two mainstream lenders one of whom provided a loan facility to the company and the other invoice financing.
Administrators' statement of proposals (2012-04-20) · Companies House register