Cresta Building Products Ltd. (03285756): administration
- Status
- Administration ended
- Administration began
- 2012-10-16
- Administrators
- Janette Elliott, Jason Mark Elliott
- Administrators' firm
- Cowgill Holloway Business Recovery
- Incorporated
- 1996-11-29
- Location
- Bolton
- Industry
- 25110 Manufacture of metal structures and parts of structures
Why it went into administration
- Sustained trading losses
- Funding withdrawn / unable to refinance
- Creditor pressure / legal action
- Loss of a key customer, supplier or contract
- Competition / price pressure
From the administrators' statement
The Company was incorporated on 29 November 1996 and traded independently for a number of years In 2007, Shawston International Limited (“Shawston”) identified the Company as an acquisition target and began negotiations with its directors and shareholders Discussions initially broke down, however, a sale was agreed and completed
on 16 October 2009 The purchaser was a non trading holding Company by the name of
Exquisite Sun Limited (“ES”), which Is associated with Shawston by way of common
Administrators' statement of proposals (2012-11-26) · Companies House register