# J.M.W. Shopfronts & Shutters Ltd (03312902)

> Why UK company 03312902 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/03312902

- **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-

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/03312902/filing-history/MzA0ODM4NzE5MGFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/03312902

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