The Fencing Partnership Limited (04448673): administration
- Status
- Administration ended
- Administration began
- 2018-02-01
- Administrators' firm
- Begbies Traynor
- Incorporated
- 2002-05-28
- Location
- Cardiff
- Industry
- 43999 Other specialised construction activities n.e.c.
Why it went into administration
- Loss of a key customer, supplier or contract
- Bad debts / customer insolvency
From the administrators' statement
The Company was incorporated on 28 May 2002 and its principal activity was that of fencing contractors.
Following incorporation the Company traded reasonably successfully and achieved steady growth in its customer base.
However, following the dewntum in the construction industry, in recent years profit margins on contracts have been eroded by increases in material costs and pressure on pricing. Debt collection has also been substantially slower than usual and the delay by customers in settling invoices has increased finance costs.
Administrators' statement of proposals (2018-04-04) · Companies House register