MPA Deposits 107 Limited (03957287): administration
- Status
- Administration ended
- Administration began
- 2011-06-10
- Administrators
- Jamie Playford
- Administrators' firm
- Acuity Professional Partnership
- Formerly
- The Marble Works (East) Limited
- Incorporated
- 2000-03-27
- Location
- Norwich
- Industry
- 2670
Why it went into administration
- Competition / price pressure
- Rising costs / inflation
- Funding withdrawn / unable to refinance
- Property / lease costs
From the administrators' statement
The business began trading several years prior to incorporation as a three partner firm, The Marble Works, with partners Steve Atterton, Richard Westaway and John Prosser. In 2000 Mr Atterton left the business and the two remaining partners then incorporated the business under the name The Marble Works (East) Limited (“the Company’)
The Company had a primarily trade customer base serving kitchen and bathroom studios in East Anglia, stainless steel catering fabncators and a number of prestige building companies with a small amount of retail trade
Prior to 2007 the Company began to import granite slabs from Italy to enable the Company to purchase the material at reduced price and to provide improved quality through consistency of colour However, due to limited space in the premises, the Company needed extra storage and rented two lock-up units at Bentwaters Parks in Rendlesham This incurred extra costs for the Company of renting the units and of transporting the slabs from Bentwaters to Ipswich
Administrators' statement of proposals (2011-06-23) · Companies House register