Steljes Limited (02100043): administration
- Status
- Administration ended
- Administration began
- 2016-05-23
- Administrators
- Anne Clare O'Keefe, Kevin James Coates
- Administrators' firm
- AlixPartners
- Incorporated
- 1987-02-16
- Location
- Manchester
- Industry
- 46520 Wholesale of electronic and telecommunications equipment and parts
Why it went into administration
- Sustained trading losses
- Competition / price pressure
From the administrators' statement
The Company was incorporated on 16 February 1987 and evolved to become a technology pioneering organisation, principally concerned with the sale and distribution of interactive whiteboards and interactive flat panels, audio visual equipment and computer peripherals The Company was also involved in event management, the hire of equipment and 1n addition, it provided support and repair services to its customers
The Company ts a subsidiary of Stelyes Holdings Limited and forms part of the wider Steljes Group of companies with turnover of approximately £60 million The Company employed 71 members of staff, operating principally from leasehold head office premises in Bagshot, Surrey The Company also leased warehouse and office premises in Uxbridge and Moorgate, London anda product demonstration suite in Edinburgh
The Company had been experiencing increased competition and margin erosion in recent years, as the market reached maturity As a result, the Company suffered significant trading losses in the 12 months prior to entering Administration
Administrators' statement of proposals (2016-07-15) · Companies House register