BSB (211) Realisations Limited (02739854): administration
- Status
- Administration ended
- Administration began
- 2011-11-02
- Administrators' firm
- KPMG
- Formerly
- Barrett Steel Buildings Limited; Barrett Steel Limited; Simco 503 Limited
- Incorporated
- 1992-08-14
- Location
- Leeds
- Industry
- 4525
Why it went into administration
- Funding withdrawn / unable to refinance
- Supply chain disruption
From the administrators' statement
The Company was incorporated on 19 November 1992 as part of a new group, Barrett Steel Ltd, which was formed as a vehicle to buy certain businesses from the Receiver of the Henry Barrett Group Ltd In late 1993, the Company was demerged from this group and became a wholly owned subsidiary of a new holding company, Barrett Steel Engineering Ltd In 2001, a management buyout took place and a new holding company, Barrett Design & Build Ltd was created As a result, the Company became wholly owned by the management team In 2007, a secondary management buyout took place to exit certain shareholders
The Company traded from leasehold premises in Bradford, West Yorkshire and at the date of the Joint Administrators’ appointment employed 40 members of staff
The Company specialised in the design, manufacture and construction of structural steel framed buildings m the UK industrial, commercial, education and leisure markets
Administrators' statement of proposals (2011-12-20) · Companies House register