# System Building Services Group Limited (04050706)

> Why UK company 04050706 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/04050706

- **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

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/04050706/filing-history/MzA2MzY3MjkyOWFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/04050706

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