Drowstan Limited (01462329): administration
- Status
- Administration ended
- Administration began
- 2014-09-10
- Incorporated
- 1979-11-21
- Location
- Ossett
- Industry
- 22290 Manufacture of other plastic products
Why it went into administration
- HMRC / tax arrears
- Loss of a key customer, supplier or contract
- Cash flow / liquidity pressure
From the administrators' statement
Drowstan Limited was incorporated on 21 November 1979 and was a manufacturer of UPVC doors and windows The Company supplied the trade market, and also offered a supply and installation service in the commercial market place
The Company traded from premises at Unit 6, Albion Road, Carlton Industrial Estate, Barnsiey, South Yorkshire, S71 3HW which were held on a 125 year leasehold which commenced on 16 August 1988. The Company employed 57 staff across the various manufacturing, sales and installation functions.
Towards the end of 2012 the Company became unable to pay its creditors as they feil due and on 11 January 2013 proposals for a Company Voluntary Arrangement (“CVA”) pursuant to Part I of the IA86 were approved, and Philip Booth of PR Booth & Co, Suite 7, Milner House, Milner Way, Ossett, WF5 9JE was appointed as Supervisor of the CVA on the same date.
Administrators' statement of proposals (2014-10-29) · Companies House register