LSC Facades Limited (03620914): administration
- Status
- Administration ended
- Administration began
- 2016-09-02
- Administrators
- Paul Ellison, Robert Christopher Keyes
- Administrators' firm
- KRE Corporate Recovery
- Formerly
- LEE Smith Carpentry Limited
- Incorporated
- 1998-08-24
- Location
- 1-7 King Street
- Industry
- 43999 Other specialised construction activities n.e.c.
Why it went into administration
- Bad debts / customer insolvency
- Parent or group failure
From the administrators' statement
Facades was incorporated in August 1998 as a specialist cladding and facades firm operating from its head Offices situated in Romsey, Hampshire and working on projects across the UK Facades eventually formed part of the LSC Group which included LSC Special Works Limited and Arcadia Facades Limited (collectively known as “the Group”) Facades (and subsequently the Group) grew significantly from its origins, expanding from planning and project management into manufacturing with the opening of two factories in Andover in 2011 and a growing Group employee base which exceeded 165 employees by 2016
A summary of Facades’ recent trading performance is shown below
Mgmt Accts Mgmt Accts Statutory Accts ple 31-Jul-16 y/e 30-Sep-15 yle 30-Sep-14 £000 £'000 £'000 Turnover 11,224 22,506 18,909 Cost of Sales 9,330 (18,136) (15,330) Gross Profit 1,894 4,370 3,579 Administrative Costs (1,950) 3,791 2,953 Exceptional Items & (46) 78 (75) Investments Tax - 108 - Net Profit/(Loss) after tax (102) 765 551
Administrators' statement of proposals (2016-11-08) · Companies House register