The Seat Design Company Limited (04886578): administration
- Status
- Administration ended
- Administration began
- 2022-09-12
- Administrators
- Benjamin Neil Jones, Raj Mittal
- Administrators' firm
- FRP Advisory
- Formerly
- Shoo 31 Limited
- Incorporated
- 2003-09-03
- Location
- Birmingham
- Industry
- 32990 Other manufacturing n.e.c.
Why it went into administration
- Loss of a key customer, supplier or contract
- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure
- COVID-19
- Rising costs / inflation
- Supply chain disruption
- Sustained trading losses
From the administrators' statement
The Company was incorporated on 3 September 2003 and is a specialist low volume seat manufacturer. The Company is involved in the development and manufacturing of seating systems for a range of sectors including automotive, leisure and healthcare. The majority of its sales are to OEMs and Tier 1 suppliers into the automotive industry.
The Company’s turnover is primarily prototype and developmental sales although it also undertakes manufacturing sales to certain customers. Prior to our appointment, the Directors were in the process of rationalising the Group to solely trade through the Company only, however, this process was not fully implemented as at the date of administration.
The Company trades from its leasehold premises at Unit 19, Amber Business Centre, Greenhill Lane, Riddings, Alfreton, Derbyshire, DE55 48R (“the Premises”). SDCM (an associated entity, now also in administration) also trades from the Premises and it is understood that no formal lease arrangement is in place between SDCM and the Company.
Administrators' statement of proposals (2022-11-04) · Companies House register