Sash Window Services (Ascot) Limited (04964837): administration
- Status
- Administration ended
- Administration began
- 2016-04-18
- Administrators
- Paul Ellison, Gareth Wyn Roberts
- Administrators' firm
- KRE Corporate Recovery
- Incorporated
- 2003-11-14
- Location
- Reading
- Industry
- 43390 Other building completion and finishing
Why it went into administration
- HMRC / tax arrears
- Creditor pressure / legal action
From the administrators' statement
The following narrative has been produced from statements provided by the Company's director Creditors should note therefore that neither the Joint Administrators nor KRE Corporate Recovery LLP accept any responsibility for any inaccuracies contained herein
The Company was formed in 2003 and specialized in supply and service of traditional timber windows Terence Blundell, who is the sole director, had previously worked for two larger companies working within the same industry as an installation fitter The Company grew steadily with the majority of its profits going back into further expansion reaching ane employees at its peak The customer base self-generated sales with referrals, tecommendation works, and second and third phase installations Further brand building was achieved with internet advertising and drop carding
in 2004, the Company's accountants advised and recommended that we introduce a dividend payment structure, it would save income tax on wages to the tune of approx £6,000 per annum for each individual Four members of staff were on this structure with the remaining staff on full PAYE This ran for approximately 7-8 years as did all our other accountancy matters under their management
Administrators' statement of proposals (2016-05-23) · Companies House register