# T.T.S. Interiors Limited (04256149)

> Why UK company 04256149 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/04256149

- **Status:** Administration ended
- **Administration began:** 2015-06-05
- **Administrators:** Charles Macmillan
- **Administrators' firm:** BDO
- **Incorporated:** 2001-07-20
- **Location:** Manchester
- **Industry:** 43320 Joinery installation

## Why it went into administration

- Loss of a key customer, supplier or contract
- Bad debts / customer insolvency
- Loss-making contracts / project overruns
- Property / lease costs
- Sustained trading losses
- Competition / price pressure

## From the administrators' statement

The Company was incorporated in July 2001 but had historically traded as a partnership The Company operated as an interior fit out contractor with an in-house jomery manufacturing base to the hospitality industry with a special area of expertise in airport work

In early 2012 the former director Mr T Richardson was looking to retire and had approached the current management team for a possible buy-out, however no agreement was ever reached Mr Richardson therefore started looking for a suitable company to discuss a potential sale

Mr Richardson identified Quinn Interiors (Holdings) Limited (Holdings) as a likely purchaser as they had a subsidiary, Quinn Interiors Limited (Quimns) who operated as an interior fit out contractor but in the high street fashion market Quinns did not operate a joinery manufacturing base as they subcontracted this to local manufactures Mr Richardson thought the Company would therefore be a good fit for Quinns as there was the potential to complement them existing business

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/04256149/filing-history/MzEyNzkzMTY3MmFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/04256149

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