SP Realisations 2018 Limited (01890345): administration
- Status
- Administration ended
- Administration began
- 2018-12-05
- Administrators' firm
- Leonard Curtis
- Formerly
- S.P. Fabrications (Ollerton) Limited
- Incorporated
- 1985-02-27
- Location
- Chesterfield
- Industry
- 25110 Manufacture of metal structures and parts of structures
Why it went into administration
- HMRC / tax arrears
- Creditor pressure / legal action
- Cash flow / liquidity pressure
- Loss of a key customer, supplier or contract
- Bad debts / customer insolvency
- Sustained trading losses
From the administrators' statement
Stephen Adlington and Philip Garrington commenced to trade as a partnership in the name of SP Fabrications in September 1981, The Company was incorporated on 27 February 1985. The registered company number is 01890345. Stephen Adlington became sole director when Philip Garrington passed away in 2013. Kay Adlington became a diractor in September 2014. The current shareholders are Stephen Adlington, Kay Adlington, The Executors of the estate for Philip Garrington and Janice Garrington.
The Company operated as a fabrication and engineering business, specialising in the steel industry.
The Company operated from Freehold premises at Maun Way, Boughton Industrial Estate South, Ollerton, Newark NG22 92D (“the Property”). it should be noted that the Company owns 70% of the Property. Steven Adlington’s pension scheme owns 15% and the Executors of the Estate of Philip Garrington own 15%. The Company employed 43 staff, including the two directors.
Administrators' statement of proposals (2019-02-09) · Companies House register