# East Lancashire Fabrications Limited (04808219)

> Why UK company 04808219 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/04808219

- **Status:** Administration ended
- **Administration began:** 2016-08-10
- **Administrators:** Lisa Marie Moxon, Christopher Benjamin Barrett
- **Administrators' firm:** Dow Schofield Watts
- **Incorporated:** 2003-06-23
- **Location:** Warrington
- **Industry:** 24100 Manufacture of basic iron and steel and of ferro-alloys

## Why it went into administration

- Sustained trading losses
- Cash flow / liquidity pressure
- Competition / price pressure

## From the administrators' statement

The Company was incorporated on 23 June 2003 with Peter John Summers and Michael John Summers appointed as the directors and holding 75% and 25% of the issued share capital respectively

The Company purchased the business and assets of Summer Sheet Metals Limited, a connected company that had gone into [tquidation

To assist with working capital requirements of the business, in October 2003, Aldermore Invoice Finance Limited (Formerly Catties Invoice Finance Limited} (“Aldermore”) provided the Company with an invoice discounting facility Aldermore was granted a debenture on 27 October 2003 creating fixed and floating charges over the assets of the Company Further security was provided by a personal guarantee from the director, Michael Summers which was limited to £50,000

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/04808219/filing-history/MzE1OTgyNjk1N2FkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/04808219

Contains public sector information from Companies House, licensed under the Open Government Licence v3.0.