Nobleread Ltd has been wound up by the High Court and the Official Receiver has been appointed Liquidator of the company.
The company operated two businesses – NB Construction and NB Wholesale. Between February and April 2021 it ordered various construction goods on credit under each name following approaches to suppliers.
Representatives for NB Construction would approach building sites or tradesmen in builders’ merchants in person and offer materials and supplies at a reduced price for cash.
Arrangements with customers occurred via WhatsApp and over the phone, and in most cases goods were shipped directly to site by the trade supplier. The cash payment was then collected in person by the NB Construction representative.
Suppliers contacted by NB Wholesale shipped goods to a Nobleread warehouse in Essex.
The suppliers, having agreed to a credit facility with NB Wholesale, were then left unpaid with debts totalling over £60,000.
Goods ordered by the company from suppliers included building materials such as paving, insulation, rooflights and decking.
Both Nobleread entities appear to have ceased trading later in 2021, and their websites were taken down.
The company used identity theft to create a fake director and also when making applications for credit.
The High Court agreed that closing down the company was in the public interest, given the lack of cooperation, failure to deliver up adequate accounting records, and objectionable trading practices.
Mark George, Chief Investigator at the Insolvency Service, said: “Nobleread has gone about its business in a reprehensible manner and those behind it have gone to great lengths to hide their identities. Suppliers should always do due diligence on companies before agreeing any credit facilities, and check the integrity of any trade references in particular.
“We will always seek to have companies wound-up in such cases, in the public interest.”
Learn More: business analyst salary, business synonym, business administration jobs, business near me, business hours, business development manager salary, my business course, business in spanish, business headshots, business first, business unit, business brokers near me, dbusiness, 2 business days, is business administration a good major, business horizons, 7 business days, business knowledge, business use case.