Watkinson Lifting & Transportation Limited (00969652): administration
- Status
- Administration ended
- Administration began
- 2015-07-17
- Administrators' firm
- Begbies Traynor
- Formerly
- Watkinson 85 Limited; Bridge Supply Company (Keighley)Limited
- Incorporated
- 1970-01-06
- Location
- Clifton Moor
- Industry
- 6024
Why it went into administration
- Cash flow / liquidity pressure
- Creditor pressure / legal action
- Bad debts / customer insolvency
From the administrators' statement
The Company was founded in 1970 and It carned on the business of the storage, transportation, and installation of specialist lifting equipment The Company traded from Invincible Works, Mamner Road, Keighley, West Yorkshire, BD21 5LW, and employed around 45 people
The Company had seen a number of years of successful trading and was highly respected in the specialist hfting and transportation industry However in the fiscal year to February 2009, the Company made a loss of £209,000 due to a sharp downtum in the economy This had a significant effect on the ability of the Company to manage payments to creditors
The Directors of the Company initated a number of cost saving measures and the Company started to generate profits again
Administrators' statement of proposals (2011-03-16) · Companies House register