Shieldcom Ltd (03815471): administration
- Status
- Administration ended
- Administration began
- 2013-08-16
- Administrators
- John Malcolm Titley, Kevin Gerald Murphy
- Administrators' firm
- Leonard Curtis
- Formerly
- Shieldcom Engineering Limited; Shieldcome Engineering Ltd
- Incorporated
- 1999-07-28
- Location
- Manchester
- Industry
- 25710 Manufacture of cutlery
Why it went into administration
- Creditor pressure / legal action
- HMRC / tax arrears
- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure
- Credit insurance / supplier credit withdrawn
- Competition / price pressure
From the administrators' statement
The Company was incorporated on 28 July 1999. The directors of the Company are Mr Peter Keen, Mr David Keen and Mr David Sanders.
The business of the Company was that of a general and civil engineering contractor specialising in steel products (roller shutters, secunty gates, alley gates etc) and general road repairs The Company worked mainly with a number of councils in or around Merseyside however it also provided services to the private sector The Company also acted as a subcontractor to a large private company in order to service a contract with Liverpoo! City Council
The Company had recently been funded by way of two EFG Loans and historically an overdraft, both received from HSBC HSBC hold security by way of a debenture created on 11 May 2001 Further funding had been provided in 2012 by way of a loan from the Link Funding Circle and from the directors’ personal funds
Administrators' statement of proposals (2013-10-11) · Companies House register