# Woodcraft Limited (01998922)

> Why UK company 01998922 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/01998922

- **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

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/01998922/filing-history/MzA4NDg0MTA4NmFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/01998922

Contains public sector information from Companies House, licensed under the Open Government Licence v3.0.