Fabrique DU Metal Limited (01458209): administration
- Status
- Administration ended
- Administration began
- 2014-08-01
- Administrators
- Andrew John Duncan, Alex David Cadwallader
- Administrators' firm
- Leonard Curtis
- Incorporated
- 1979-10-31
- Location
- London
- Industry
- 31010 Manufacture of office and shop furniture
Why it went into administration
- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure
- Property / lease costs
- Creditor pressure / legal action
- Sustained trading losses
- Competition / price pressure
From the administrators' statement
314 The Company was incorporated on 31 October 1979 Its trading address ts Unit 42, The Metropolitan Centre, Halifax Road, Greenford, Middlesex UB6 8XU
32 The Company's pnncipal business activity was that of the design, manufacture and sale of ergonomic and orthopaedic office seating The Company also manufactured the UK's only motonsed office chairs, the eMove and eLift, for disabled users, based on the ergonomic Opera seating range
33 In 2009, the Company downsized and moved trading premises fo its current address This cost the Company some £70,000 Unfortunately the Company was unable to obtain a ong term loan to fund the relocation and at the same tme the Company's bankers, Barclays Bank Pic (“Barclays”), requested repayment of its overdraft facility of £80,000
Administrators' statement of proposals (2014-09-22) · Companies House register