Macdonald & Taylor Limited (04357142): administration
- Status
- Administration ended
- Administration began
- 2017-06-02
- Administrators
- Ian Mcculloch, Dean Watson
- Administrators' firm
- Begbies Traynor
- Formerly
- Brabco No:103 (2002) Limited
- Incorporated
- 2002-01-21
- Location
- Preston
- Industry
- 32500 Manufacture of medical and dental instruments and supplies
Why it went into administration
- HMRC / tax arrears
- Cash flow / liquidity pressure
- Loss of a key customer, supplier or contract
From the administrators' statement
The Company was incorporated in January 2002. Until 2006, the Company was a manufacturer of Cotton Wool. On closure of the manufacturing plant, the Company became a distributor of cotton wool and associated products. The Company traded from its leasehold trading premises based in Warrington.
Approximately 75% of the products sold by the Company were imported from overseas. With the decline in the value of sterling, the Company's cost of products increased significantly. The majority of the Company's customer base was supplied with products imported from overseas. Due to the nature of the contracts with these customers, price increases could not be implemented without notice. In an attempt to restore margins, attempts were made to increase prices. Where price increases could not be negotiated, these contracts were terminated resulting in Joss of turnover that previously generated profit.
In 2015/16, the Company experienced difficulties with an overseas contract. The Company was awarded a contract to provide 100,000 Ebola Garments for The Department for International
Administrators' statement of proposals (2017-07-23) · Companies House register