Westport Windows & Conservatories Limited (05027932): administration
- Status
- Administration ended
- Administration began
- 2014-04-02
- Administrators
- John Malcolm Titley, Mark John Colman
- Administrators' firm
- Leonard Curtis
- Formerly
- Zedwell Limited
- Incorporated
- 2004-01-28
- Location
- Preston
- Industry
- 23190 Manufacture and processing of other glass, including technical glassware
Why it went into administration
- Bad debts / customer insolvency
- Sustained trading losses
- Cash flow / liquidity pressure
- HMRC / tax arrears
- Creditor pressure / legal action
- Property / lease costs
- Competition / price pressure
From the administrators' statement
31 The Company was incorporated on 28 January 2004 and began trading from its inception from leasehold premises situated at Station Approach, Upton Road, Atherton, Manchester M46 9LJ The Company employed eleven members of staff
The Company operated in the North West of England and its principal activities were the manufacture and installation of a range of energy efficient UPVC double glazed windows, conservatones, doors and other associated products
The Company was in financial difficuttes for a number of reasons, however the key reasons for the Company's demise are that the business sustained several bad debts and this combined with a decline in turnover dunng the last 3 months of trade, meant that the Company's income was insufficient to cover its costs The decline in turnover was principally due to increased competition in the marketplace and the failure of a number of clients businesses which also resulted in bad debts of c£40k being incurred by March 2014 The Company had experienced increasing cashflow difficulties and creditor pressure with arrears of approximately £30,000 having accrued to HM Revenue & Customs (‘HMRC’) in respect of VAT and PAYE/NIC
Administrators' statement of proposals (2014-04-17) · Companies House register