Supalux Lighting Limited (05015098): administration
- Status
- Administration ended
- Administration began
- 2012-02-01
- Administrators
- Jamie Playford
- Administrators' firm
- Acuity Professional Partnership
- Incorporated
- 2004-01-14
- Location
- Norwich
- Industry
- 5143
Why it went into administration
- Cash flow / liquidity pressure
- Bad debts / customer insolvency
- Property / lease costs
- Sustained trading losses
From the administrators' statement
Supalux Lighting Limited (“the Company’) was incorporated on 14 January 2004 and commenced trading shortly after from premises in Leaping Wells Farm in Kelvedon, Essex its main activity was the wholesale of industnal and commercial lighting
Due to an increase in sales and an expansion of the business, the Company was in a position where a larger warehouse space was required. In 2011, the Company moved to the premises at Unit G, Eastways Industnai Estate, Witham, Essex, CM8 3YQ
In late 2011 the Company began to face cash flow problems This was compounded by a break down in communication between the Company and the Factoring Company, HSBC Invoice Finance Limited. There were also issues in the collection of a number of large book debts owed to the Company, impacting on cash flow further The Company also faced a decline in sales in late 2011
Administrators' statement of proposals (2012-04-02) · Companies House register