Point Eight Limited (01370878): administration
- Status
- Administration ended
- Administration began
- 2013-11-19
- Administrators
- Roderick M Withinshaw, Alan Brian Coleman
- Administrators' firm
- FTS Recovery
- Incorporated
- 1978-05-26
- Location
- Manchester
- Industry
- 31010 Manufacture of office and shop furniture
Why it went into administration
- HMRC / tax arrears
- Creditor pressure / legal action
- Sustained trading losses
- Pension deficit
- Cash flow / liquidity pressure
- Competition / price pressure
From the administrators' statement
The Company was an independent designer, manufacturer and installer of commercial Interiors mainly to the retail, educational and focal government sectors, employing 65 permanent staff and having a turnover of approximately £4 million per annum
The Company was incorporated in 1978 and has been operating for several years from rented premises in Dudley, West Midlands
Following the death of the then managing director in 2010, the Company began to suffer cash flow problems and engaged Dains LLP (“Dains’) a firm of Insolvency Practitioners to advise the Board Dains marketed the business for sale to attempt to find a purchaser over a
Administrators' statement of proposals (2013-12-18) · Companies House register