Weathershield Windows Limited (02945199): administration
- Status
- Administration ended
- Administration began
- 2014-01-06
- Administrators' firm
- Begbies Traynor
- Incorporated
- 1994-07-04
- Location
- London
- Industry
- 32990 Other manufacturing n.e.c.
Why it went into administration
- HMRC / tax arrears
- Cash flow / liquidity pressure
- Competition / price pressure
From the administrators' statement
The Company, which was incorporated on 4 July 1994, operated as a manufacturer and supplier of PVC-u windows and doors and was situated at premises at of 223-225 Selbourne Road and 237-239 Selbourne Road, Luton (“the Properties”)
The reasons for the Company’s insolvency
Over recent years the Company has experienced a significant reduction in income tevels as a result of the general economic chmate and competitive market conditions, which had a significant impact on the cash flow and profitability of the Company and, as a result, the Company had fallen into arrears with HM Revenue & Customs (‘HMRC’) in respect of unpaid taxes, and arrears have also accrued in respect of their main trade suppliers
Administrators' statement of proposals (2014-02-20) · Companies House register