Accordial Wall Systems Limited (02286532): administration
- Status
- Administration ended
- Administration began
- 2016-12-01
- Formerly
- Alco Wall Systems Limited; Alco Beldan Limited; Alco Systems Limited; Mertondale Limited
- Incorporated
- 1988-08-12
- Location
- Milton Keynes
- Industry
- 43999 Other specialised construction activities n.e.c.
Why it went into administration
- Creditor pressure / legal action
- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure
- HMRC / tax arrears
- Bad debts / customer insolvency
- Sustained trading losses
From the administrators' statement
Accordtal Wall Systems Limited (“the Company”) was incorporated 28 March 1995 and operated as manufacturer of bespoke and made to measure moveable walls and partition systems
The Company is controlled by its Board of directors, which at the date of our appointment comprised David Landy, Stephen James and Nicholas lames
The Company’s entire share capital ts owned by Accordial Group Holdings Limited, a company registered in England & Wales Accordia!l Group Holdings 1s a wholly owned subsidiary of Lionforce Limited, a company registered in England & Wales and of which David Landy and Stephen James are the beneficial owners
Administrators' statement of proposals (2016-12-30) · Companies House register