Loxwood Fabrications Limited (05265939): administration
- Status
- Administration ended
- Administration began
- 2013-11-20
- Administrators
- Adrian Peter Berry, Matthew James Cowlishaw
- Administrators' firm
- Deloitte
- Formerly
- Loxwood Fabrication Limited
- Incorporated
- 2004-10-21
- Location
- Birmingham
- Industry
- 71129 Other engineering activities
Why it went into administration
- Loss of a key customer, supplier or contract
From the administrators' statement
Historically, the Company has traded successfully recording profit in the year ended 31 October 2012 On 11 November 2013 two of the Company’s major customers, Red Aluminium Limited and Red Architectural Limited, entered into Administration together owing the Company c £425k on that date
Upon receiving notification of the insolvencies the Director contacted the administrators of Red Aluminium Limited and Red Architectural Limited and was informed that there was no prospect of recovery of these debts The write off of these debtor balances left the Company both balance sheet insolvent and unable to pay tts debts as they fell due
Administrators' statement of proposals (2014-01-02) · Companies House register