Stanley Bragg Partnership Limited (02321660): administration
- Status
- Administration ended
- Administration began
- 2011-04-29
- Administrators' firm
- BDO
- Formerly
- Shelfco (No. 316) Limited
- Incorporated
- 1988-11-25
- Location
- London
- Industry
- 7420
Why it went into administration
- Sustained trading losses
From the administrators' statement
2.1 The Stanley Bragg architects practice was formed in 1948 and was incorporated into a limited company on 25 November 1988. The Company traded from leasehold premises in Colchester, Essex and provided architectural services to a broad client base, both locally and nationally.
22 Stanley Bragg Services Ltd (‘SBS Ltd’), a member of the Stanley Bragg group, was set up as a service company to the Company, providing staff and general management services to the Company SBS Ltd also operated a defined benefit pension scheme, which was funded by the Company.
2.3. The Company traded profitably for a number of years, building a good local reputation However, the financial year ended 31 October 2009 saw turnover drop from some £3 million, to £21 million, with the decline being attributed to the economic downturn, resulting in the suspension of many architectural projects. With a loss for the period of £91,000, the Company was unable to pay SBS Ltd for its services, nor was it able to fund the pension scheme.
Administrators' statement of proposals (2010-07-01) · Companies House register