FOZ Contract Services Ltd (05158659): administration
- Status
- Administration ended
- Administration began
- 2016-02-16
- Administrators
- Simon Franklin Plant, Daniel Plant
- Administrators' firm
- SFP Restructuring
- Formerly
- FOZ Electrical Limited
- Incorporated
- 2004-06-21
- Location
- London
- Industry
- 96090 Other service activities n.e.c.
Why it went into administration
- Creditor pressure / legal action
- Cash flow / liquidity pressure
- HMRC / tax arrears
- Bad debts / customer insolvency
- Property / lease costs
- Competition / price pressure
From the administrators' statement
Albeit that statutory information 1s contained in Appendix Il, these Proposals provide bnef detatls in relation to the Company's history This history has been compiled following conversations between the Team and the Directors, subsequent to the placing of the Company into Admmustration
The Company was formed by Mr C Foran who had previously worked in the industry based in London Mr C Foran began the Company with his own funds and completed small domestic jobs in the main
In 2005, the Company won a contract with the Wirral Housing Association The Company continued to win more work from the local housing associations and grew steadily In tight of the increased workload, the Company required additional funding and acquired a start up loan through HSBC Bank Plc in May 2005 This loan was repaid in full by July 2006
Administrators' statement of proposals (2016-04-19) · Companies House register