Duoform Precision Limited (01918729): administration
- Status
- In administration
- Administration began
- 2009-02-20
- Administrators
- Roderick Graham Butcher
- Administrators' firm
- Butcher Woods
- Incorporated
- 1985-06-03
- Location
- Birmingham
- Industry
- 2524
Why it went into administration
- Cash flow / liquidity pressure
- Creditor pressure / legal action
- Management failings / irregularities
From the administrators' statement
Duoform Precision Limited was incorporated on 3 June 1985 and traded from premises in Lichfield, Staffordshire. The activities of the business included that of the manufacture and sale of plastic pipe work.
The company traded successfully for a number of years, however in January 2009 the company's sole director Mr Wood passed away suddenly. Mr Wood ran and controlled every aspect of the business and with his loss; there was no one to direct the company. The employees did not attend the premises. Subsequently the company came under considerable creditor pressure.
In early February 2009, the landlord re-entered the premises. In order to protect their position the floating charge holder, Liquidity Limited petitioned the Court for the appointment of Roderick Graham Butcher as Administrator. This was made on 20 February 2009
Administrators' statement of proposals (2009-04-25) · Companies House register