# Quality In Components Limited (03149439)

> Why UK company 03149439 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/03149439

- **Status:** Administration ended
- **Administration began:** 2013-02-05
- **Administrators:** Nathan Jones, Christopher Stirland, Philip Lewis Armstrong
- **Administrators' firm:** FRP Advisory
- **Formerly:** Quality Interior Components Limited
- **Incorporated:** 1996-01-23
- **Location:** Narborough Leicester
- **Industry:** 25110 Manufacture of metal structures and parts of structures

## Why it went into administration

- Competition / price pressure

## From the administrators' statement

The Company was a specialist aluminium manufacturer supplying to the UK construction industry The Company was incorporated in 1996 and experienced growth year on year By 2003 the Company had reached turnover levels of £2.5M and good profit levels. Baris Group Limited, was a successful subcontractor that saw merit in a group manufacturing facility and acquired the Company In 2003, becoming the 100% shareholder.

From 2003 the business saw its business split 30/70 on historic core business to group work Inevitably the shift in the business towards group manufacturing of windows and curtain walls saw the Company’s work in progress and stock levels increase dramatically from its historic £400,000 to over £1,000,000 at any one time. This caused significant cashflow issues and working capital requirements increase. Turnover rose from £2.5M to an average of £6M per annum with the group trade providing in the region of 70% of the overall trade

The company extended 1s warehouse rental agreement to cope with increased demand from 2003 and then a further rental agreement to facilitate the group work from 2008.

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/03149439/filing-history/MzA3NTk4OTM5OWFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/03149439

Contains public sector information from Companies House, licensed under the Open Government Licence v3.0.