Trade Frame North West Limited (04312947): administration
- Status
- Administration ended
- Administration began
- 2011-12-16
- Administrators' firm
- Begbies Traynor
- Incorporated
- 2001-10-30
- Location
- Liverpool
- Industry
- 46730 Wholesale of wood, construction materials and sanitary equipment
Why it went into administration
- Weak consumer demand
- Competition / price pressure
From the administrators' statement
The Administrators’ statement of proposals for achteving the purpose of the administration which will be sent to creditors in due course will provide detailed information in relation to the Company However, to assist creditors who may have a limited understanding of the Company and its affairs to better understand the reasons for the pre-packaged sale, we have provided certain background information at this stage
The Company was a wholesaler of UPVC doors, windows and conservatores to the trade and general public The Company has been in existence since October 2001 and operated from leasehold premises at Unit 10, Sankey Bndges Industral Estate, Liverpool Road, Wamngton, WAS5 1QQ_ The tumover for the year to 31 December 2008 was £2,804,745, for the year to 31 December 2009 was £3,162,770 and for the period 1 January 2010 to 30 June 2011 turnover was £4,550,884 In each penod losses were sustained with the largest loss of £55,780 being incurred in the latter penod of trading The position has deteriorated further dunng the period 4 July 2011 to 30 November 2011 when the recorded sales were £1,426,226 which sustained a loss of £200,347 The Company has suffered many increases in the cost of matenals and
The reasons for the Company’s insolvency
Administrators' statement of proposals (2012-02-08) · Companies House register