System Building Services Group Limited (04050706): administration
- Status
- Administration ended
- Administration began
- 2012-07-12
- Formerly
- System Building Services (London) Limited
- Incorporated
- 2000-08-10
- Location
- London
- Industry
- 4534
Why it went into administration
- Sustained trading losses
- Creditor pressure / legal action
- Bad debts / customer insolvency
- Competition / price pressure
From the administrators' statement
System Building Services Group Limited (the “Company”) was incorporated on 10" August 2000 under the name of System Building Services (London) Limited, the name was changed to its current style on 18" April 2011
The Company began trading as a provider of Fire Protection and Cladding in April 2002 from the property at Old Trumans Brewery, Brick Lane London
Initially trading was good and the business began to grow, in 2012 its turnover reached £7 5 million with a profit of £1 4 million
Administrators' statement of proposals (2012-09-06) · Companies House register