HW Architectural Limited (03674372): administration
- Status
- Administration ended
- Administration began
- 2019-05-08
- Administrators
- Adrian Peter Berry, Clare Boardman
- Administrators' firm
- Deloitte
- Formerly
- Ever 1064 Limited
- Incorporated
- 1998-11-26
- Location
- Birmingham
- Industry
- 25120 Manufacture of doors and windows of metal
Why it went into administration
- Sustained trading losses
- Supply chain disruption
- Cash flow / liquidity pressure
- Loss of a key customer, supplier or contract
From the administrators' statement
The Company began experiencing a decline in trading performance in 2018, predominantly driven by the large contract mentioned on the previous page, which was significantly loss making together with supply chain performance issues.
This was further compounded by challenging market conditions resulting in a low order pipeline in 2019, accompanied by the delay and loss of certain contracts.
This decline in performance caused an erosion in the Company’s cash position. With further losses forecast, the Company was becoming unable to meet its debts as and when they fell due.
Administrators' statement of proposals (2019-07-16) · Companies House register