Faelsafe Limited (05303448): administration
- Status
- Administration ended
- Administration began
- 2013-03-26
- Administrators' firm
- RSM
- Incorporated
- 2004-12-03
- Location
- Leeds
- Industry
- 82990 Other business support service activities n.e.c.
Why it went into administration
- Cash flow / liquidity pressure
- Sustained trading losses
From the administrators' statement
The Company was incorporated on 3 December 2004 and began trading shortly thereafter, providing fire protection equipment, installation, servicing and maintenance to customers
The business achieved steady growth in tts early years and developed a customer base including a mixture of local authorities, together with tegional and national customers
In 2008 the Company began to tender for larger projects, carrying out installation of fire protection equipment on new builds and refurbishments Although this resulted in a significant Increase in turnover, there was often margin pressure due fo difficulties in obtaining contract variation sign-offs
Administrators' statement of proposals (2013-04-18) · Companies House register