Dixon Scaffolding (Transmission) Limited (02665317): administration
- Status
- Administration ended
- Administration began
- 2012-07-06
- Administrators' firm
- Begbies Traynor
- Incorporated
- 1991-11-22
- Location
- Cardiff
- Industry
- 43991 Scaffold erection
Why it went into administration
- HMRC / tax arrears
- Creditor pressure / legal action
- Loss of a key customer, supplier or contract
- Sustained trading losses
- Competition / price pressure
From the administrators' statement
The Company has traded for over 40 years during which time tt mainly achieved high levels of profitabitty, providing scaffolding to the energy and heavy industrial sectors and employed approximately 170 staff
However, at the end of the financial year in 2009 the Company's founder, Mr Mike Dixon, took semi retirement and handed the business to a newly appointed managing director and management team This coincided with a major, albeit temporary, reduction in work from the Company's major customer — the National Gnd The new management team took the decision to expand operations into traditional construction areas and entered into long term contracts at uncompetitive prices As a result, the accounts for the year ended 31 December 2010 reported a loss of £633k
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Administrators' statement of proposals (2012-07-26) · Companies House register