Divisions Operable Wall Systems Limited (02811932): administration
- Status
- Administration ended
- Administration began
- 2015-08-25
- Administrators
- James E Patchett, Anthony Murphy
- Administrators' firm
- The Enduro Partnership
- Incorporated
- 1993-04-23
- Location
- London
- Industry
- 96090 Other service activities n.e.c.
Why it went into administration
- Cash flow / liquidity pressure
- Loss-making contracts / project overruns
- Sustained trading losses
From the administrators' statement
The Company was formed on 23 April 1993 and commenced trading shortly thereafter and the business was that of manufacturing moveable walls At the date of incorporation, the Directors were Mr Steve Duffel and Mr Charles Shead In the following years the directorships changed on occasions and at the date of appointment of the Joint Administrators, the Directors were Mr Steve Duffel and Mr Michael Doorly (who was appointed on 18 July 2014)
The Company traded from leasehold premises at Winterpick Business Park, Hurstpierpoint Road, Wineham, Henfield, West Sussex, BN5 9BJ The iease was held in the name of Duvale PLC (“Duvale") which had entered into administration on 6 August 2014 The Joint Administrators of Duvale provided a license to occupy to Akurawall Resources Limited (“ARL"), a company connected to both the Company and Duvale
In the most recent years, Divisions had been obtaining work from and utilising the services of Duvale and ARL_ With the demise of Duvale, ARL became the main supplier of work force and assets to the Company However, on 2 March 2015 ARL was placed into Creditors’ Voluntary Liquidation Prior to this date, it is believed that ARL had sold tts assets to the Company under the terms of an invoice
Administrators' statement of proposals (2015-10-29) · Companies House register