J.M.W. Shopfronts & Shutters Ltd (03312902): administration
- Status
- Administration ended
- Administration began
- 2011-10-12
- Incorporated
- 1997-02-05
- Location
- Maidstone
- Industry
- 4545
Why it went into administration
- Loss of a key customer, supplier or contract
- Bad debts / customer insolvency
From the administrators' statement
The Company was incorporated on 5 February 1997 All partnership assets were acquired by the Company and commenced trading thereafter
The Company was trading profitably until 2010, however, due to insolvency of its two major customers and non-payment of £150,000 resulted into serious cash-flow problems and reduction mm turnover
Due to the poor demand, the management decided to reduce profit margins to win more chents however the strategy resulted into more stress on cash-
Administrators' statement of proposals (2011-12-05) · Companies House register