Fusion Architectural Building Systems Limited (02865856): administration
- Status
- Administration ended
- Administration began
- 2014-10-09
- Administrators
- Arvindar Jit Singh, Steven Martin Stokes
- Administrators' firm
- FRP Advisory
- Formerly
- Sharkey Fabrication Limited; Accent Fabrications Limited; Accurate Timing Limited
- Incorporated
- 1993-10-25
- Location
- Birmingham
- Industry
- 25110 Manufacture of metal structures and parts of structures
Why it went into administration
- HMRC / tax arrears
- Bad debts / customer insolvency
- Creditor pressure / legal action
- Competition / price pressure
- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure
- Sustained trading losses
From the administrators' statement
The Company was Incorporated In 1993 and has since traded in the supply, fabrication and manufacture of aluminium windows and doors, roofing and cladding, together with curtain walling and pressed metal into the construction Industry. The Company operated from 25,000 sq ft leasehold premises based In Birmingham and employed an experience workforce of 29 members of staff.
The Company's working capital was funded by an invoice discount facility through Lloyds Bank Commercial Finance Limited (“LCF”),
Detalls of the office and shareholders are detailed below: Director: Laura Cotton.
Administrators' statement of proposals (2014-11-28) · Companies House register