WTB Investments (No:1) Limited (04248509): administration
- Status
- Administration ended
- Administration began
- 2012-12-06
- Administrators
- Stephen Gerard Clancy, James Saunders
- Administrators' firm
- Kroll
- Formerly
- Fabriano Limited
- Incorporated
- 2001-07-09
- Location
- Manchester
- Industry
- 70100 Activities of head offices
Why it went into administration
- Competition / price pressure
- Credit insurance / supplier credit withdrawn
- Funding withdrawn / unable to refinance
- Creditor pressure / legal action
- Sustained trading losses
- Weather / natural events
From the administrators' statement
The Joint Administrators were appointed over WTBT on 23 November 2012 This was the main trading company associated with the Group
Following the appointment of Administrators over WTBT, it became necessary to appoint over the holding companies
Soon after the Scheme concluded the UK construction sector the Companies operated in suffered a significant downturn as a direct result of the global financial crisis This innially led to
Administrators' statement of proposals (2013-01-23) · Companies House register