Norking Aluminium Limited (01089451): administration
- Status
- Administration ended
- Administration began
- 2014-04-04
- Incorporated
- 1973-01-02
- Location
- Sheffield
- Industry
- 24420 Aluminium production
Why it went into administration
- HMRC / tax arrears
- Sustained trading losses
- Property / lease costs
- Credit insurance / supplier credit withdrawn
- Cash flow / liquidity pressure
- Funding withdrawn / unable to refinance
- Creditor pressure / legal action
- Competition / price pressure
From the administrators' statement
The information provided in this section is based upon the Company records and the explanations of its directors, the accuracy of which the Joint Administrators are unable to vouch for The Joint Administrators cannot therefore be held personally liable for errors or misstatement of fact contained therein
The Company was a long established contractor specialising in the construction and installation of aluminium and glass curtain walling and facades for commercial and industriat properties The Company would receive enquiries on behalf of main construction contractors to provide design, manufacture and installation services on a sub-contract basis The Company's manufacturing process was that it would acquire extended aluminium profiles, whtch in turn were painted, cut and assembled to the customer's design specification, prior to transportation and installation on site The Company's customers included several blue chip companies and household names in the construction sector
The Company was founded in 1973 by Wilfred Hobson, who remains a director of the Company and its majority shareholder Over the years, the Company grew its business and expanded tts operation considerably, enjoying a long and profitable trading history and establishing itself as a market leader in tts sector At tts peak, the Company achieved turnover in excess of £21,000,000 and employed over 140 staff
Administrators' statement of proposals (2014-05-22) · Companies House register