Norman and Underwood Limited (00242964): administration
- Status
- Administration ended
- Administration began
- 2023-07-07
- Administrators' firm
- Begbies Traynor
- Incorporated
- 1929-10-14
- Location
- Northampton
- Industry
- 43910 Roofing activities
Why it went into administration
- COVID-19
- Rising costs / inflation
- Funding withdrawn / unable to refinance
- Loss of a key customer, supplier or contract
- Bad debts / customer insolvency
- Parent or group failure
- Competition / price pressure
From the administrators' statement
Norman & Underwood was originally founded over 190 years ago, in 1825, by Henry Thomas Norman who set up a general plumbing and glazing business from a small cottage in Leicester. Some years later, Henry Thomas was joined in partnership by his nephew, John Underwood.
Throughout the years the business was handed down through the two families, and in 1929, Norman and Underwood Limited (“Trading Co") became a limited company under the chairmanship of Edwin Underwood and trade continued to flourish.
Norman & Underwood Group Limited (“Group”) was incorporated on 26 July 1967 and was originally named Norman & Underwood (Glass) Limited until 27 July 1990. Group was incorporated as a holding company for all of the businesses trading subsidiaries. The following subsidiaries were then subsequently incorporated:
Administrators' statement of proposals (2023-08-18) · Companies House register