One Stop Fencing Limited (05443808): administration
- Status
- Administration ended
- Administration began
- 2011-03-30
- Administrators
- Andrew Poxon, Paul Reeves, John Malcolm Titley
- Administrators' firm
- Leonard Curtis
- Incorporated
- 2005-05-05
- Location
- Bury
- Industry
- 5153
Why it went into administration
- Property / lease costs
- Competition / price pressure
- Cash flow / liquidity pressure
- Sustained trading losses
From the administrators' statement
The Company was incorporated on 5 May 2005 and commenced to trade in November 2005 The director on incorporation was Mr John Lawrence, who later resigned in September 2008 and Mr Darren Williams was subsequently appointed
The Company traded from leasheold premises at Unit 6, Southern Street Ind Est, Walkden, Manchester The principal trading activity of the Company was as a wholesaler of fencing products to the trade and public The Company delivered nationally to customers along with operating a trade counter at the premises
The Company was initially funded by Natwest Bank Plc who held security by way of a debenture dated 7 September 2005 and in the first year of trading up to 31 October 2006, the Company traded at a profit In January 2007 the director attempted to replicate the success of the Company and opened a branch from leasehold premises in Hull The costs of setting up the Hull branch were funded by way of personal loans from connected parties
Administrators' statement of proposals (2011-05-25) · Companies House register