Woodcraft Limited (01998922): administration
- Status
- Administration ended
- Administration began
- 2013-07-30
- Formerly
- Resinrule Limited
- Incorporated
- 1986-03-12
- Location
- Ilford
- Industry
- 31090 Manufacture of other furniture
Why it went into administration
- Competition / price pressure
- Sustained trading losses
From the administrators' statement
The company was incorporated in March 1986 as Resinrule Limited and commenced trading to manufacture and install high end bespoke kitchens, bedrooms and studies It changed to its current name in 1987
The company traded successfully for many years, with recent profits peaking at just over £700,000 for the year ending January 2008 Over the years the company had gained numerous contracts with large companies providing kitchens and bedrooms for primarily new build projects
Over recent years the directors have noticed a decline in work available This decline has resulted in the market becoming far more competitive and the director's finding that their usual quotes were no longer competitive The directors did not anticipate the downturn and almost all of its future work was coming to and end or not starting for some time
Administrators' statement of proposals (2013-09-11) · Companies House register