Sansu (UK) Ltd (04530421): administration
- Status
- Administration ended
- Administration began
- 2012-10-10
- Formerly
- Drivers Line (Northampton) Limited
- Incorporated
- 2002-09-10
- Location
- London
- Industry
- 2875
Why it went into administration
- Rising costs / inflation
- Bad debts / customer insolvency
- Competition / price pressure
From the administrators' statement
Prior to forming the Company, the Directors worked for a farge sheet metal fabricator based in Olney, Buckinghamshire Mr Read had worked up to director level and Mr Hawker to production manager until it closed suddenly in late 2002
Using their knowledge and combined experience of over 45 years having worked together in the sheet metal fabrication industry for most of their working lives, the Oirectors formed the Company in November 2002 With their former employers now closed, the Directors contacted the customers and employed the staff and in January 2003, the Company commenced trading from the Premises
Although the Company worked on a minimal budget, during the first three years of trading it grew rapidly and successfully won two local business awards for its achievements However, during 2006 the Company began to slowdown in growth as rising material prices and the lack of good skilled labour began to have an impact on the tts progression, development and expansion In 2007 and 2008 the Company struggled with fierce competition from Eastern Europe as well as ever increasing costs and consequently, sales began to become less predictable
Administrators' statement of proposals (2012-12-05) · Companies House register