Fairlie Restorations Limited (02475354): administration
- Status
- Administration ended
- Administration began
- 2012-03-29
- Administrators
- Michael Ian Field, Carl Derek Faulds
- Administrators' firm
- Leonard Curtis
- Formerly
- STL No. 35 Limited
- Incorporated
- 1990-02-28
- Location
- Fareham
- Industry
- 30110 Building of ships and floating structures
Why it went into administration
- Property / lease costs
- Sustained trading losses
From the administrators' statement
The company was incorporated in February 1990 Since that date it has carried out work constructing and restoring wooden yachts from large workshop leasehold premises in Satchell Lane, Hamble The annual rent was £62,850 per annum
The directors and owners were initally two Swiss nationals, Barbara Albinati and Albert Obrist Duncan Walker and Paul Spooner were both employed within the business and were subsequently appointed directors of the company on 13" April 1999 and 1“ October 2007 respectively
The company had traded profitably up to December 2007, accruing significant shareholder reserves, having grown and maintained a strong reputation in the marmne industry However, like many companies operating in this sector the company has suffered significantly since the onset of recession in the 3° quarter of 2008, despite increasing turnover in the year to December 2009
Administrators' statement of proposals (2012-05-15) · Companies House register