Morleys Limited (03095415): administration
- Status
- Administration ended
- Administration began
- 2013-05-31
- Administrators
- Philip Deyes, Julien Robert Irving, Andrew Poxon
- Administrators' firm
- Leonard Curtis
- Formerly
- John Morley Metals Limited
- Incorporated
- 1995-08-25
- Location
- Manchester
- Industry
- 32990 Other manufacturing n.e.c.
Why it went into administration
- Cash flow / liquidity pressure
- Weather / natural events
- Funding withdrawn / unable to refinance
- Creditor pressure / legal action
- Property / lease costs
- Sustained trading losses
- Competition / price pressure
From the administrators' statement
The Company was incorporated on 25 August 1995 under the name of John Morley Metals Limited, changing its name to Morleys Limited on 24 January 2000
Morleys was a manufacturer and supplier of flooring accessories Having initially placed focus on the manufacture of aluminium door bars and carpet grippers, the product range was expanded to meet market demand
The Company generated turnover in excess of £10m in each of the financial years ended 31 August 2010 and 2011, however difficulties were encountered dunng 2012 which resulted in the annual turnover reducing to cE8 7m The reduced tumover was partly due to inability to fulfil orders due to the Company experiencing a flood in June 2012, and also due to a reduction in orders following increased competition in the flooring accessory market
Administrators' statement of proposals (2013-11-13) · Companies House register