Deane & Amos Aluminium Systems Limited (01800842): administration
- Status
- Administration ended
- Administration began
- 2013-02-21
- Formerly
- Deane & Amos (Shopfront Systems) Limited
- Incorporated
- 1984-03-16
- Location
- Northampton
- Industry
- 43341 Painting
Why it went into administration
- Creditor pressure / legal action
From the administrators' statement
The company was incorporated on 16 March 2004 in the name Deane & Amos (Shopfront Systems) Limited In August 1986 the company changed to its present name
During late 2012, the company began to experience pressure from creditors as the group began to suffer Furthermore, the company also found it difficult to obtain supplies to continue trading as suppliers were reluctant to provide goods on credit to the company
The financial position became critical when Lloyds froze the factoring facilities in respect of the three companies within the Group that were subject to factoring agreements As a result of this and the inability to secure alternative funding the director concluded there was no option but to cease trading operations across the Group on 14 February 2013 and its employees were made redundant by the Group forthwith As a consequence of this decision the directors consulted Marshman Price with regards to the options available to the Group
Administrators' statement of proposals (2013-04-24) · Companies House register