Turners Fabrications Limited (05512333): administration
- Status
- Administration ended
- Administration began
- 2021-09-22
- Administrators
- Robert Neil Dymond, Kelly Burton
- Administrators' firm
- Wilson Field
- Incorporated
- 2005-07-19
- Location
- Sheffield
- Industry
- 25290 Manufacture of other tanks, reservoirs and containers of metal
Why it went into administration
- HMRC / tax arrears
- COVID-19
- Cash flow / liquidity pressure
- Sustained trading losses
- Management failings / irregularities
From the administrators' statement
The information provided in this section is based upon the Company’s records, information provided by the Company’s management and the explanations of its directors. The Administrators cannot therefore be held personally liable for any error or misstatement of fact contained herein. The key person involved in the provision of this information was the Company’s managing director, Mr Peter Turner.
Turners Fabrications was founded by Mr Neil Douglas Turner, and its current director, Mr Peter Turner as a small steel fabrication business in 1989, trading from Walkerville Industrial Estate, Catterick. At the time, the business offered a small range of manufacturing products, including gun cabinets, fuel tanks, storage facilities, amongst other small scale steel fabrications.
From its formation, the business grew substantially in all terms of size, asset base and profitability. On 19 July 2005, Neil and Peter Turner incorporated the Company, both being appointed directors and holding a 50/50 shareholding position of 1 ordinary share of £1 each.
Administrators' statement of proposals (2021-10-05) · Companies House register