Industrial Coating Services Limited (04358913): administration
- Status
- Administration ended
- Administration began
- 2021-12-20
- Administrators' firm
- FRP Advisory
- Incorporated
- 2002-01-23
- Location
- Birmingham
- Industry
- 43341 Painting
Why it went into administration
- Cash flow / liquidity pressure
- Funding withdrawn / unable to refinance
- COVID-19
- HMRC / tax arrears
- Sustained trading losses
- Creditor pressure / legal action
- Loss-making contracts / project overruns
From the administrators' statement
The Company was incorporated on 23 January 2002 and specialised in surface preparation and the application of protective coatings to metal structures. The Company had a range of customers across a number of sectors, including highways, rail, utilities and industrial.
The Company traded from leasehold premises at Unit 1, Power Station Road Industrial Estate, Power Station Road, Rugeley, Staffordshire, WS15 2HS, which also served as its registered and head office. The Company also previously operated from a regional office in the North East, which was vacated shortly prior to my appointment.
At the time of my appointment, the Company employed 53 full-time staff, including the Directors.
Administrators' statement of proposals (2022-02-11) · Companies House register