Summerbridge Doors Ltd (03159998): administration
- Status
- Administration ended
- Administration began
- 2018-11-06
- Administrators' firm
- RSM
- Incorporated
- 1996-02-15
- Location
- Leeds
- Industry
- 16290 Manufacture of other products of wood; manufacture of articles of cork, straw and plaiting materials
Why it went into administration
- Creditor pressure / legal action
From the administrators' statement
• Brief background
On 12 September 2018 RSM Restructuring Advisory LLP were first introduced to the Directors of the Company via the Company's accountant, Graybrowne Limited. An initial meeting was held where different options available to the Company were discussed. After this meeting there was minimal contact with the Company until a further meeting was requested by management on 4 October 2018.
RSM Restructuring Advisory LLP were formally engaged in an advisory capacity on 5 October 2018 as it was clear that the Company was showing signs of financial distress. The key areas of this engagement were to understand the Company’s immediate cash needs and its future viability, provide general advice to the Directors on the appropriate options available and assist with contingency planning, including possible insolvency procedures if insolvency became unavoidable.
Administrators' statement of proposals (2019-01-16) · Companies House register