Lakeside Ceilings & Partitions Limited (04092899): administration
- Status
- Administration ended
- Administration began
- 2019-09-02
- Administrators' firm
- The Wilkes Partnership Solicitors
- Formerly
- Midland Interiors (Shop Plan) Limited
- Incorporated
- 2000-10-19
- Location
- Solihull
- Industry
- 43290 Other construction installation
Why it went into administration
- Bad debts / customer insolvency
From the administrators' statement
Creditors should note that, unless otherwise stated, this section of my proposals has been prepared based on information provided to me by the directors of the Company and not from my personal knowledge as Administrator
The Company commenced trading in 2000 providing installation services of ceilings and partitions to the construction industry. Trading proved successful as the customer base increased steadily over the following years providing profitable trading conditions
However, the fortunes of the Company began to suffer when in the latter part of 2017 the Company were offered a very large but difficult contract in Birmingham City Centre At the time of accepting the contract, it was estimated that 85% of the existing contracts were with Interserve, who began to experience their own financial woes to the extent it was expected to follow other large construction entities into insolvency.
Administrators' statement of proposals (2019-10-18) · Companies House register