Fabcon Projects Limited (02663523): administration
- Status
- Administration ended
- Administration began
- 2016-02-26
- Administrators
- Steven Martin Stokes, Raj Mittal
- Administrators' firm
- FRP Advisory
- Incorporated
- 1991-11-18
- Location
- Birmingham
- Industry
- 25110 Manufacture of metal structures and parts of structures
Why it went into administration
- HMRC / tax arrears
- Cash flow / liquidity pressure
- Funding withdrawn / unable to refinance
- Bad debts / customer insolvency
- Sustained trading losses
- Creditor pressure / legal action
- Loss-making contracts / project overruns
From the administrators' statement
The Company was incorporated in November 1991 as a metal fabricator for a variety of industry sectors, but with a particular focus on the food and oil industry The Company designed and fabricated all types of equipment from prototype through to complete production units
At the date of appointment, the Company employed two directors and 23 staff including mobile engineers for installations and maintenance/breakdown work throughout the UK and Europe, five staff had resigned shortly prior to the appointment The Company operated from leasehold premises based in Norwich with a fully equipped workshop and office space
The Company’‘s registered address was Delta Close, Norwich, Norfolk, NR6 6BG
Administrators' statement of proposals (2016-04-29) · Companies House register