Red ASB Limited (02725915): administration
- Status
- In administration
- Administration began
- 2025-03-05
- Administrators
- John William Butler, Andrew James Nichols
- Administrators' firm
- Metis Partners and Gilbert Baitson
- Formerly
- Alsim System Building Limited; Alsim Leisure Limited; Alsim Limited; Shelfco (No. 772) Limited
- Incorporated
- 1992-06-24
- Location
- Driffield
- Industry
- 25990 Manufacture of other fabricated metal products n.e.c.
From the administrators' statement
The Company was recognised as a leader in the secure accommodation market, providing portable secure modular accommodation solutions.
The Company had, historically, traded successfully but in recent thmes, due to the increase in the costs of steel, electricity, gas and the proposed NI increase for employers, the directors recognised that the Company was beginning to struggle financially. The Company was also starting to come under pressure from its creditors.
The directars consulted with Redman Nichols Butler on 3 March 2025 for advice.
Administrators' statement of proposals (2025-04-30) · Companies House register