WBS (Realisations) Limited (02238887): administration
- Status
- Administration ended
- Administration began
- 2016-10-06
- Administrators
- Howard Smith, Jonathan Charles Marston
- Administrators' firm
- KPMG
- Formerly
- Williams Brothers (Sheffield) Limited
- Incorporated
- 1988-04-04
- Location
- Leeds
- Industry
- 46760 Wholesale of other intermediate products
Why it went into administration
- Creditor pressure / legal action
- Sustained trading losses
- Funding withdrawn / unable to refinance
- Pension deficit
- Cash flow / liquidity pressure
- Competition / price pressure
From the administrators' statement
The Company was incorporated in April 1988, and was a lezding UK supplier of industrial fasteners to the railway, construction and industnal markets It also offered bespoke engineering and specialist fasteners capabilities
The Company’s Head Office, and former registered office, was a leasehold property based tn Sheffield, South Yorkshire The Company also operated trade counters in Bridgend, Manchester and Norwich Its Middlesbrough branch closed early in 2016 due to poor trading figures
The Company had 55 employees at the date of appointment, 50 of whom were made redundant shortly after the appointment of the Joint Administrators and cessation of trade The Joint Administrators retained frve employees to bring the books and records up to date and assist HSBC IF with collating information for the collection of book debts
Administrators' statement of proposals (2016-12-13) · Companies House register