M.C. Resources Limited (03475350): administration
- Status
- Administration ended
- Administration began
- 2012-06-13
- Administrators
- Patrick Alexander Lannagan, Dermot Justin Power
- Administrators' firm
- BDO
- Formerly
- Poolboard Limited
- Incorporated
- 1997-12-03
- Location
- Manchester
- Industry
- 32990 Other manufacturing n.e.c.
Why it went into administration
- Property / lease costs
- Funding withdrawn / unable to refinance
- Creditor pressure / legal action
- Loss of a key customer, supplier or contract
- Sustained trading losses
- Competition / price pressure
From the administrators' statement
The Company was incorporated on 3 December 1997 by Mark Clokey and commenced trading in 1999 The principte activity of the Company was the cutting and packing of insulation materials for a vanety of customers, used for domestic and commercial uses such as water tank jackets and vehicle exhausts The Company initially traded from Units 2&3 Lune Industral Estate, Lancaster.
In May 2008, the Company’s main customer, Lancaster GTB Ltd (“GTB”), that produced basalt insulation products, was placed into Administration and the Company purchased
its business and assets As a result of the purchase, the Company moved to Units 31 and 32 on the Lune Industral Estate
Administrators' statement of proposals (2012-08-08) · Companies House register