Alloy Services Limited (04454062): administration
- Status
- Administration ended
- Administration began
- 2014-06-06
- Administrators
- Timothy Colin Hamilton Ball, Roderick John Weston
- Administrators' firm
- Mazars
- Formerly
- Alloy Services Holdings Limited; MC244 Limited
- Incorporated
- 2002-06-05
- Location
- Clifton
- Industry
- 46720 Wholesale of metals and metal ores
Why it went into administration
- Property / lease costs
- Sustained trading losses
- Creditor pressure / legal action
- Competition / price pressure
From the administrators' statement
The Company was incorporated on 5 June 2002, after a Management Buy-out of Alloy Services (Stockholders) Ltd by Mr Holtby, who had joined the existing company in 1992 Alloy Services (Stockholders) Ltd was orginally established and operated since 1981
The director has advised that the Company traded well up until 2008, when it was heavily and negatively impacted by the recession The Company’s balance sheet as at 31 March 2007 detailed accumulated profits of £320,432 and a net asset position of £370,431 As at 31 March 2008, however, the Company’s balance sheet position had significantly worsened, resulting in net habilities of £6,596 The Company's worsening financial position from 2007
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Administrators' statement of proposals (2014-08-05) · Companies House register