# Merseyside Coatings Limited (03829797)

> Why UK company 03829797 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/03829797

- **Status:** Administration ended
- **Administration began:** 2011-06-27
- **Administrators' firm:** BDO
- **Formerly:** Eurokote Limited; Merseyside Coatings Limited; Eurokote Limited
- **Incorporated:** 1999-08-23
- **Location:** Manchester
- **Industry:** 4525

## Why it went into administration

- Cash flow / liquidity pressure
- Competition / price pressure
- Funding withdrawn / unable to refinance
- Creditor pressure / legal action
- Loss of a key customer, supplier or contract
- Bad debts / customer insolvency
- Property / lease costs
- Sustained trading losses
- Weather / natural events

## From the administrators' statement

Eurokote Limited (“Eurokote”) was incorporated in November 1975 by Mr M Young and 1s now a dormant company. Eurokote shares the same parent company, Merseyside Coatings Holdings Limited (“Holdings”), as the Company

Eurokote was formed by Mr M Young, a Director of the Company, and began trading from a rented industrial unit in Birkenhead, Wirral. It originally provided shotblasting and coating services on small items for tocal steel companies

As Eurokote grew, the Director received investment from a number of associates who subsequently became shareholders and Directors.

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/03829797/filing-history/MzA1OTAwMTIyMWFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/03829797

Contains public sector information from Companies House, licensed under the Open Government Licence v3.0.