# Down & Francis Industrial Products Limited (00706828)

> Why UK company 00706828 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/00706828

- **Status:** Administration ended
- **Administration began:** 2013-04-02
- **Administrators:** William James Wright, Mark Jeremy Orton
- **Administrators' firm:** KPMG
- **Formerly:** Priory Shutter and Door Company Limited (The)
- **Incorporated:** 1961-10-31
- **Location:** Birmingham
- **Industry:** 74990 Non-trading company

## Why it went into administration

- Funding withdrawn / unable to refinance
- Sustained trading losses
- Pension deficit
- Parent or group failure
- Regulatory change or action

## From the administrators' statement

Prior to KPMG’s involvement, the Group had experienced challenging trading conditions for some time and has undergone continued restructuring since 2007 This included the disposal or closure of certain loss making and non-core businesses taking the Group from twenty three business units to six at the date of the Administration

In this time the level of Bank lending decreased from £22 million to £8 8 million, with Group turnover reducing from £100 million in the year to 31 December 2005 to £409 million per the draft accounts for the year ending 31 December 2012 (excluding £12 6 million turnover from George Wilkinson International, which had been designated as

KPMG LLP [ 16 May 2013

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/00706828/filing-history/MzA3ODc0NjUyMGFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/00706828

Contains public sector information from Companies House, licensed under the Open Government Licence v3.0.