P. & W. Nash (Engineering Services) Limited (02544800): administration
- Status
- Administration ended
- Administration began
- 2022-02-10
- Incorporated
- 1990-10-01
- Location
- Chatham
- Industry
- 25110 Manufacture of metal structures and parts of structures
Why it went into administration
- Creditor pressure / legal action
- Sustained trading losses
- Parent or group failure
From the administrators' statement
2.1. Creditors should note that, unless otherwise stated, this section of my proposals has largely been prepared based on information provided to me by the directors of the Company, or obtained from its records and not from my contemporaneous personal knowledge.
2.2. P. & W. Nash (Engineering Services) Limited (“the Company”) was incorporated on 1 October 1990 and traded as a metal fabricator and welder from leasehold premises at Vicarage Lane, Hoo, Rochester. Most recently, the Company has been controlled by Sue Woodley and Sharon Briggs (“Directors” or the “Board”). The Company is 90% owned by extended family members of the founding directors, William and Peter Nash. Two former directors each hold 5% of the issued share capital.
2.3. Whilst the business was incorporated in 1990, the Company can trace its origins back 50 years, when it was formed by William and Peter Nash. The Company traded profitably over many years and developed a good reputation amongst its client base whom are typically local businesses, but have included multinational organisations.
Administrators' statement of proposals (2022-05-10) · Companies House register