Europanel (UK) Ltd (02904647): administration
- Status
- Administration ended
- Administration began
- 2016-08-04
- Administrators
- James Ronald Lumb, Howard Smith
- Administrators' firm
- KPMG
- Formerly
- Mountford Resources Limited
- Incorporated
- 1994-03-04
- Location
- Leeds
- Industry
- 16210 Manufacture of veneer sheets and wood-based panels
Why it went into administration
- Sustained trading losses
- Cash flow / liquidity pressure
- Funding withdrawn / unable to refinance
- Creditor pressure / legal action
- Competition / price pressure
From the administrators' statement
The Company was incorporated on 4 March 1994 and was an independent manufacturer of MCF and MDF panels, primarily for the shop fitting industry It specialised in the production of ‘cut to size’ panels, and more recently, in the manufacture of office and kitchen cupboards
The Company‘s main trading premises, and registered office, was a leasehold property based in Skelmersdale, Wigan The Company had 24 employees at the date of appointment, who were all made redundant shortly after the appointment of the Joint Administrators
The Company ts part of a group of four companies, Turquoise House Limited, over which Howard Smith and Jonny Marston are also appointed Joint Administrators, Europane! (Holdings) Limited and Doorpoint Limited
Administrators' statement of proposals (2016-10-06) · Companies House register