# Fairlie Restorations Limited (02475354)

> Why UK company 02475354 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/02475354

- **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

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/02475354/filing-history/MzA1NzQ5ODE0MGFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/02475354

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