Brian Fawcett Joinery Limited (04982412): administration
- Status
- Administration ended
- Administration began
- 2012-03-30
- Administrators
- Andrew Graham Mackenzie, Robert Alexander Henry Maxwell
- Administrators' firm
- Begbies Traynor
- Incorporated
- 2003-12-02
- Location
- Leeds
- Industry
- 16230 Manufacture of other builders' carpentry and joinery
Why it went into administration
- Cash flow / liquidity pressure
- HMRC / tax arrears
- Sustained trading losses
- Creditor pressure / legal action
From the administrators' statement
To assist creditors who may have a limited understanding of the Company and its affairs to better understand the reasons for the pre-packaged sale, we have provided certain background information as detailed below
The Company manufactures and sells wood products such as doors, kitchens and conservatories to the trade and general public The Company has been trading in its current form since 2003 from premises owned by the director without formal lease to the Company in Burstwick, East Yorkshire (the personaily owned property forms part of the security given to the Bank) In recent years the Company has seen the tumover half and fought off action from HMRC with a Notice of Intention to Appoint Administrators in April 2011 This lead to the director paying off the HMRC distraint (the director believed he owned the assets as a result) A major contract was in the pipeline, but due to a delay in this contract and a further decline in turnover, the Company filed further consecutive Notices to Appoint Administrators in March 2012 whilst a sale was negotiated and funding was sought The business employed 13 staff, all of the jobs have been preserved as a result of the sale
Administrators' statement of proposals (2012-05-28) · Companies House register