S G Installations Limited (03381124): administration
- Status
- Administration ended
- Administration began
- 2012-01-03
- Administrators' firm
- Mazars
- Formerly
- Finemicro Limited
- Incorporated
- 1997-06-04
- Location
- Nottingham
- Industry
- 4534
Why it went into administration
- Bad debts / customer insolvency
From the administrators' statement
Installanons traded as a shop fitter with a customer portfol1o mcluding John Lewis Partnership, Boots, The Body Shop, Past Times, Specialized Lumted and Tchibo Coffee International Limited (‘Tchibo’). In each of the years ended 31 December 2010 and 2009 Installation made losses m excess of £100k
Installations suffered a bad debt of £335k when its chent, The Pop Culture Company Limited T/A Pulp (‘Pulp’), went into Administration on 9 December 2011
SEV (UK) Limited (‘SEV’) 1s the parent company of SGI Joinery Limited (Joinery), and, along with Installations and Joinery, forms a group of companies under common control SEV trades as a UK distributor of an Italian manufacturer of retail racking systems. Turnover in the last two financial periods has been £150k and £388k respectively, with small losses being sustained in each year
Administrators' statement of proposals (2012-03-02) · Companies House register