H. Waterhouse & Sons (Wakefield) Limited (01199343): administration
- Status
- Administration ended
- Administration began
- 2018-10-05
- Administrators
- Lee Van Lockwood, Robert Alexander Henry Maxwell
- Administrators' firm
- Begbies Traynor
- Incorporated
- 1975-02-06
- Location
- Leeds
- Industry
- 43390 Other building completion and finishing
Why it went into administration
- Sustained trading losses
- Competition / price pressure
From the administrators' statement
The Waterhouse brand was originally established in 1853 and incorporated into a limited company in February 1975. Throughout its history, the Company has conducted trade from a leasehold premises located in East Ardsley, Wakefield.
Over its 165 year history, the Waterhouse brand became well established in the commercial refurbishing and office interior fit-out market in Norther England and London. Its reputation in the rnarketplace enabled it to win large refurbishment contracts for a variety of clients, resulting in it undertaking projects with turnover ranging from £5k to £3m in value.
Working capital was historically funded by Barclays Bank pic before the Company switched provider to HSBC Bank ple (‘HSBC’). As at 5 October 2018, HSBC provided an overdraft facility to the Company with a limit of £230k.
Administrators' statement of proposals (2018-12-05) · Companies House register