Davtrend Limited (01502449): administration
- Status
- Administration ended
- Administration began
- 2018-02-06
- Incorporated
- 1980-06-17
- Location
- Whiteley Fareham
- Industry
- 26110 Manufacture of electronic components
Why it went into administration
- Sustained trading losses
- Funding withdrawn / unable to refinance
- Creditor pressure / legal action
- Loss-making contracts / project overruns
From the administrators' statement
The company designed and manufactured bespoke custom power products from leasehold premises at Unit 7 Fitzherbert Spur, Farlington, Portsmouth, PO6 1TT. The company employed 10 people including the 2 directors.
The company was started in 1980 by David Valentine and David White and traded from premises at 9 Kimbolton Road, Portsmouth, PO3 6DA until 1983 when it moved to a unit at Sanderson Centre, Lees Lane, Gosport. Following an expansion the company purchased it current location in 1988.
In 2001, Jeff Collett was appointed as a director and shareholder on the company, subsequently resigning in March 2007.
Administrators' statement of proposals (2018-04-19) · Companies House register