Sygnet Group Limited (01193238): administration
- Status
- Administration ended
- Administration began
- 2023-05-05
- Administrators
- Jamie Taylor, Jeremy Karr
- Administrators' firm
- Begbies Traynor
- Formerly
- Sygnet Signs Limited
- Incorporated
- 1974-12-10
- Location
- London
- Industry
- 32990 Other manufacturing n.e.c.
Why it went into administration
- COVID-19
- Cash flow / liquidity pressure
- Creditor pressure / legal action
- HMRC / tax arrears
- Bad debts / customer insolvency
From the administrators' statement
The Company was incorporated and founded by Michael lley on 10 December 1974 based in the centre of Leicester, manufacturing traditional and bespoke signage. The Company trading address was made up of three separate leasehold premises, these being 129 Humberstone Road (the main premises), unit 2 Kent Street and unit 3 Kent Street.
The Company soon became a leading manufacturer in the industry, attracting new clients and increasing staff numbers.
As the company continued to grow Gary Iley, Michael’s son, joined the business. Working side by side to expand the range of signage Sygnet Signs could manufacture and further increase the client base.
Administrators' statement of proposals (2023-07-04) · Companies House register