# Sygnet Group Limited (01193238)

> Why UK company 01193238 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/01193238

- **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.

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/01193238/filing-history/MzM4NDQ0MjEyOGFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/01193238

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