# Twojays Enterprises Limited (01648289)

> Why UK company 01648289 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/01648289

- **Status:** Administration ended
- **Administration began:** 2013-02-26
- **Administrators' firm:** The Wilkes Partnership
- **Formerly:** Two Jays Enterprises Limited; Wipment Limited
- **Incorporated:** 1982-07-05
- **Location:** Rugby
- **Industry:** 43320 Joinery installation

## Why it went into administration

- Creditor pressure / legal action
- Bad debts / customer insolvency

## From the administrators' statement

The Company was incorporated on 5™ of July 1982 and carned on business as shop fitters, painters and decorators, from leasehold premises at Building 7 Bays 4 & 5 and Building 22 Bay 8 The Pensnett Estate , Kingswinford, West Midlands, DY6 7NA (“the Premises”)

The Company was incorporated by Mr Anthony James Fletcher and Mr Wilham Rutter who were its joint directors until the 31" of March 2002 when Mr Rutter resigned and his sons, Mr Simon Rutter and Mr Mark Rutter were appointed as Directors Mark then subsequently resigned on 02 07 08, and Simon then resigned on 19 12 12

The Company traded for over 30 years and built up a very good reputation in the sector It traded profitably for the first 7 years, but the recession hit sales, the Company also suffered certain bad debts totaling approximately £70,000 In order to continue trading, the Company borrowed £70,000 from Lloyds TSB Pic (“LTSB’), with both Mr Fletcher and Mr Simon Rutter, charging their homes by way of giving third party secunty to LTSB This (ryection of funding enabled the Company to recover, and it became profitable again, until it suffered certain further bad debts totaling approximately £80,000, which put pressure on cash flow In an attempt to remedy the position, the Company implemented a program of cost cutting and rationalisation, which resulted in two employees being made redundant The Company was also successful in sourcing cheaper matenals_ | have been advised by Mr Fletcher that in total the Company has traded profitably for approximately 20 of its 30 years of trading

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/01648289/filing-history/MzA3NzA4ODg4N2FkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/01648289

Contains public sector information from Companies House, licensed under the Open Government Licence v3.0.