# UK Industrial Supplies Limited (02283523)

> Why UK company 02283523 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/02283523

- **Status:** Administration ended
- **Administration began:** 2018-10-30
- **Incorporated:** 1988-08-03
- **Location:** Sutton Coldfield
- **Industry:** 46420 Wholesale of clothing and footwear

## Why it went into administration

- Rising costs / inflation
- Funding withdrawn / unable to refinance
- Loss-making contracts / project overruns
- Sustained trading losses

## From the administrators' statement

UK Industrial Supplies Limited was incorporated on 3 August 1988 to carry on the business of Distributing Workwear, Personal Protection Equipment, Chemicals, Workplace Supplies and Equipment with the objective of becoming a one-stop supplier for PPE safety and industrial supplies.

The company prospered and turnover developed to £4.5M per annum. In 2014 the company was bought by a consortium headed by Matthew Dodson, a venture capitalist, together with a number of others.

The company then however suffered a significant loss of £1.2M but the sale proceeded.

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/02283523/filing-history/MzIyMzg1NDA0MGFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/02283523

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