Surface Engineers (Manchester) Limited (05199615): administration
- Status
- Administration ended
- Administration began
- 2017-03-15
- Administrators
- Nicholas Charles Osborn Lee, Dean Anthony Nelson
- Administrators' firm
- Smith Cooper
- Formerly
- Rouloff Limited
- Incorporated
- 2004-08-06
- Location
- Birmingham
- Industry
- 25610 Treatment and coating of metals
From the administrators' statement
{n December 2016, ABN Amro requested that the Company meet with Smith Cooper to assist in the preparation of short term cash flow forecast and provide commentary and observations on the same. At that time, the Company was forecasting a recovery of turnover leading to an improved financial outlook for 2017.
The Company achieved the turnover forecast in December 2016 and January 2017 before a poor February and March resulted in the Company being put on stop with certain suppliers, a build-up of arrears with HM Revenue & Customs, and, concerns over the ability to pay employees wages.
The Company notified ABN Amro of its concerns and ABN Amro requested Smith Cooper meet with the Company.
Administrators' statement of proposals (2017-05-17) · Companies House register