Classic Excel Limited (01731750): administration
- Status
- Administration ended
- Administration began
- 2011-10-19
- Administrators
- Allan David Kelly, Gordon Smythe Goldie
- Administrators' firm
- Walker Advisory Services
- Formerly
- Classic Ceilings Limited
- Incorporated
- 1983-06-14
- Location
- Newcastle upon Tyne
- Industry
- 4545
Why it went into administration
- Creditor pressure / legal action
- Sustained trading losses
- Competition / price pressure
- Rising costs / inflation
- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure
- Bad debts / customer insolvency
- Loss-making contracts / project overruns
From the administrators' statement
The financial information contained herein ts taken from the Company records together with discussions with the Company directors It has not been checked nor verified by The Administrators, Tait Walker Corporate Recovery, its partners, employees or agents, who have no liability for any errors or omissions herein
The Company was mcorporated on 24 December 2003 as Classic Ceilings Limited, and traded from premises at William Jones House, Cambois, Blyth, Northumberland, NE24 1QY The Company operated as a specialist company concentrating on suspended ceiling installations, partitions, dry lining and fire protection and employed approximately 24 people
Details of the recent financial performance 1s as follows
Administrators' statement of proposals (2011-11-04) · Companies House register