Alderdale Fixing Systems Limited (01807429): administration
- Status
- Administration ended
- Administration began
- 2016-10-26
- Administrators
- Conrad Alan Beighton, Paul David Masters
- Administrators' firm
- Leonard Curtis
- Formerly
- Alderdale Engineering Limited; Lionwhite Limited
- Incorporated
- 1984-04-10
- Location
- Birmingham
- Industry
- 25110 Manufacture of metal structures and parts of structures
Why it went into administration
- Funding withdrawn / unable to refinance
- Bad debts / customer insolvency
From the administrators' statement
The Company was incorporated in 1984 and traded as a designer and manufacturer of bespoke steelwork, designed to be capable of supporting brickwork and associated products. Recently, it has traded from leasehold premises in Cradley Heath
The Company has historically traded profitably, however, in late 2015 an associated company, Seating 2000 Ltd, was placed into administration following a large bad debt. This had an immediate negative impact upon the Company's tumover and profitability, and affected its ability to generate cash.
The directors contnued to inject cash into the business in order to meet the Company's obligations to its creditors, however, this was not sustainable
Administrators' statement of proposals (2016-12-01) · Companies House register