WSL Industries Ltd (05409197): administration
- Status
- Administration ended
- Administration began
- 2019-06-14
- Formerly
- 4I Dynamics Ltd
- Incorporated
- 2005-03-31
- Location
- Northampton
- Industry
- 46900 Non-specialised wholesale trade
Why it went into administration
- Funding withdrawn / unable to refinance
- Property / lease costs
- Competition / price pressure
From the administrators' statement
The Company was incorporated on the 31% March 2005 by Mr lan Gilbert under the name 41 Dynamics Ltd and commenced trading shortly thereafter specialising in the sale of specialist inks to the printing industry. On the 27" May 2005, Mr Gilbert was joined as director by Mrs Paula Gilbert.
On the 11! November 2008, the Company’s name was changed to WSL Industries Ltd and, on the 1% January 2009, Mr and Mrs Gilbert were joined as directors by Mr Fredrick Braue. Prior to his appointment as a director, Mr Gilbert had had a long standing professional relationship with Mr Braue, having traded with Worldwide Specialist Lamps LLC (“WSL”), Mr Braue's company based in the United States of America which specialised in the supply of commercial and speciality lamps worldwide.
Seeing an opportunity to add new products and services to WSL’s existing product range, the business and assets of Starna Industries Ltd (“Starna”) were purchased by the Company, with the assistance of cash injected by WSL. The purchase of Starna having been completed, the Company began specialising in the sale of specialist coatings, lamps and bulbs to the graphic printing market as well as specialist UV, quick curing and low odour products.
Administrators' statement of proposals (2019-08-29) · Companies House register