FOX Industrial Services Limited (04697119): administration
- Status
- Administration ended
- Administration began
- 2024-02-20
- Administrators' firm
- FRP Advisory
- Incorporated
- 2003-03-13
- Location
- Birmingham
- Industry
- 32990 Other manufacturing n.e.c.
Why it went into administration
- COVID-19
- Rising costs / inflation
- Cash flow / liquidity pressure
- Loss-making contracts / project overruns
From the administrators' statement
The Company was incorporated on 13 March 2003 and its principal activity was the contracting of construction and manufacturing services for commercial and residential buildings. The Company’s registered office and trading address prior to the administration was at Fox House, Brook Street, Lakeside, Redditch, Worcestershire B98 8NG under a leasehold agreement.
The Company’s directors are Simon and Cherie Foxall, who were appointed on 13 March 2003 and 1 April 2015 respectively. The Company’s shareholders are Simon and Cherie Foxall, and Mark Kite (further details are available at Appendix A). The latter was also a director of the Company from 1 April 2020 to 31 January 2024.
The Company's primary assets were its cash at bank, chattel assets (which comprised of office equipment, and some limited plant and machinery), and its contract debtor book. The latter comprises outstanding book debts (relating to works agreed and invoiced), outstanding applications (which had not been agreed prior to administration) and outstanding retentions due to the Company subject to the agreement of final accounts following completion of any outstanding defects work.
Administrators' statement of proposals (2024-04-12) · Companies House register