00973918 Limited (00973918): administration
- Status
- Administration ended
- Administration began
- 2011-11-18
- Administrators
- Stephen Blandford Ryman, Anthony Davidson
- Administrators' firm
- Opus Restructuring
- Formerly
- Sharkey & Co Limited; Sharkey, Dowd & Co. Limited
- Incorporated
- 1970-03-04
- Location
- London
- Industry
- 4522
Why it went into administration
- Creditor pressure / legal action
- Loss-making contracts / project overruns
- Cash flow / liquidity pressure
- Bad debts / customer insolvency
- Property / lease costs
- Sustained trading losses
- Loss of key people
- Competition / price pressure
From the administrators' statement
The Company was originally incorporated on 4" March 1970 as Sharkey Dowd and Co Limited The original directors were Mr V Sharkey, Mr O J Dowd and Mrs E T Sharkey
Following incorporation, the Company was funded from personal cash injected by the three founding directors All the directors had experience of working as roofing and cladding contractors
The Company's ownership changed many times over its 41 year history, resulting ithe resignation and appointment of many directors The directors at the date of Administration were Mr K P Sharkey, Mr P T Sharkey and Mrs E T Sharkey
Administrators' statement of proposals (2012-01-13) · Companies House register