Sunfold Systems Limited (04089186): administration
- Status
- Administration ended
- Administration began
- 2019-09-25
- Administrators' firm
- Begbies Traynor
- Incorporated
- 2000-10-12
- Location
- Northampton
- Industry
- 43342 Glazing
Why it went into administration
- Creditor pressure / legal action
- Brexit
- Loss of key people
- Competition / price pressure
From the administrators' statement
The Company was formed in October 2000 Prior to incorporation the business had operated as the sole tradership of Michael Rawlings since the late 1980s under the trading style of ‘Rawlings Doors’. Initially the Company's main business activity was the supply and fit of folding doors, being the first company to bring sliding folding doors to the UK. Over the years trade developed to include the supply and installation of bespoke sliding folding doors, windows, lift & slide doors, roof glazing, canopies and roof lights. The Company became an industry leader with a reputation for quality, prestige and diversity using a range of innovative materials.
For many years from incorporation trade was very good, which led to the Company moving to the larger, current premises in 2006. The workforce grew to fifteen staff including the directors plus the use of subcontractor fitters as and when required. Michael Rawlings acted as Managing Director, Elizabeth Rawlings as Sales Director, Beverley Marshall as Finance Director and David Mudd (who resigned on 29 August 2019) as Operations Director.
In recent years profitability diminished to the extent that an operating loss of £29,350 was incurred for the year ended 31 October 2017 and for the year ended 31 October 2018 the operating loss had increased to £213,340.
Administrators' statement of proposals (2019-11-22) · Companies House register