GB Joinery & Fabrications Limited (03462993): administration
- Status
- Administration ended
- Administration began
- 2011-04-27
- Administrators
- Imogen C Davidson
- Administrators' firm
- Lovell Partnership
- Incorporated
- 1997-11-10
- Location
- Manchester
- Industry
- 2051
Why it went into administration
- Cash flow / liquidity pressure
- Competition / price pressure
From the administrators' statement
The Company was incorporated in November 1997 and commenced to trade immediately, with initial set up costs met using funds injected by its four shareholders This was augmented in 2000 with a bank loan and overdraft facility obtained from HSBC Bank ple
Having purchased suitable plant and machinery and set up a factory, the Company began to manufacture counters and cabinets for a wide range of commercial clients Trade grew steadily, with the Company reporting consistent small profits for the next ten years to the year ended January 2007 As trade grew, three of the Company shareholders sold their shares to Rodney Giggs as they were no longer actively involved in the running of the Company, leaving Rodney Giggs in control of the Company's operations
In September 2008, Kevin Patching, who was experienced in the joinery trade, joined Rodney Giggs as a director of the Company (“the Directors”) in order to bolster the Company’s management team
Administrators' statement of proposals (2011-05-20) · Companies House register