Skipton Glass Limited (01981295): administration
- Status
- Administration ended
- Administration began
- 2011-07-12
- Administrators' firm
- RSM
- Incorporated
- 1986-01-22
- Location
- Leeds
- Industry
- 2612
Why it went into administration
- Loss of a key customer, supplier or contract
- Bad debts / customer insolvency
- Loss-making contracts / project overruns
- Sustained trading losses
- Competition / price pressure
From the administrators' statement
Skipton Glass Ltd (“the Company”) was incorporated in 1986 and traded as a manufacturer and installer of double glazing products The Company moved to Its current premises at unit 8a Snaygill Industrial Estate, Skipton, BD23 2QR in 1988 The premises were leased from the Directors’ SIPP (Pension Scheme)
The Company developed a large contractual division carrying out work for multi-national companies and local authorities supplying and fitting PVC, aluminium and timber windows, doors and curtain walling to public buildings and schools Throughout its expansion the Company retained its original focus and also operated a glass counter/retail business operation from its premises In 2008, the Company required additional funding to enable it to continue quoting for these larger contracts and as a result it operated overdraft and loan facility with Clydesdale Bank Plc t/a Yorkshire Bank (“the Bank”)
In recent years the Company has come under increased pressure from competitors and as a result it had begun to work on reduced margins in order to win contracts and maintain turnover levels To further compound the problem some major customers went into liquidation and the Company experienced delays in payment of other completed contracts and retentions
Administrators' statement of proposals (2011-08-18) · Companies House register