Aurora Marble Ltd. (01897369): administration
- Status
- Administration ended
- Administration began
- 2011-07-19
- Administrators
- Mark Granville Firmin, Howard Smith
- Administrators' firm
- KPMG
- Formerly
- Slatemaster Limited
- Incorporated
- 1985-03-20
- Location
- Leeds
- Industry
- 2682
Why it went into administration
- Cash flow / liquidity pressure
From the administrators' statement
Aurora Marble Limited was incorporated on 20 March 1985 by David and Bernice Lever, and specialised in the manufacture and supply of marble fireplace surrounds to regional and national retailers The Company employed 15 members of staff and operated from leasehold premises in Huddersfield
The Company’s accounts show a substantial fall in turnover from £3,044,000 in the year ending 31 March 2008 to £2,395,000 in the year ending 31 March 2011 Management Accounts drawn up by the Company tllustrate a continued fall in turnover during the last financial year, dropping 72% in May The Company’s biggest customer was B&Q, who accounted for roughly 80% of turnover
Turnover continued to fall in 2011 which resulted in severe cash flow difficulties
Administrators' statement of proposals (2011-09-13) · Companies House register