Beam Structural Services Limited (02610752): administration
- Status
- Administration ended
- Administration began
- 2011-04-04
- Administrators' firm
- Baker Tilly Restructuring and Recovery
- Formerly
- Claimassist Limited
- Incorporated
- 1991-05-15
- Location
- Leeds
- Industry
- 4525
Why it went into administration
- Funding withdrawn / unable to refinance
- Sustained trading losses
From the administrators' statement
Beam Structural Services Limited also trading as BSS (March) (“Beam”, or, “the Company”) was incorporated on 15 May 1991 changing its name to the current style shortly thereafter The Company operated from leasehold premises at 2 Foundry Way, March, Cambridgeshire, PE1S OWR
The Company had two pmncipal lines of business, project work under JCT type contracts (including design, fabrication and steel erection) and steel fabrication work.
The Company experienced steady growth following incorporation with reported turnover levels increasing by some £37 million during the first 6 years of trading. However, the Company began to experience cash difficulties after incurring trading losses in 2008 and 2009 Difficulties were compounded as a result of the downturn within the industry caused by the recession Cash reserves were becoming increasingly stretched during the first quarter of 2011
Administrators' statement of proposals (2011-05-19) · Companies House register