# P & S Drylining Limited (05581269)

> Why UK company 05581269 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/05581269

- **Status:** Administration ended
- **Administration began:** 2013-01-22
- **Administrators:** Brian Green, Paul Andrew Flint
- **Administrators' firm:** KPMG
- **Incorporated:** 2005-10-03
- **Location:** Manchester
- **Industry:** 43310 Plastering

## Why it went into administration

- Bad debts / customer insolvency
- Creditor pressure / legal action
- Loss of a key customer, supplier or contract

## From the administrators' statement

The Company was incorporated in October 2005 and offered plastering and drylining services to a customer base of nationwide construction companies

The Company operated from leased premises in Blackburn, Lancashire and employed three people, two of whom were the Company Directors.

Between 2010 and 2011, the Company had grown substantially, increasing its revenue and profits from £0 855m to £1 974m and £60,000 to £211,000 respectively However, in December 2012, the Company suffered a significant bad debt when its largest customer (Speymull Contracts Ltd) went into administration owing the Company circa £350,000

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/05581269/filing-history/MzA3NTE3ODA1OWFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/05581269

Contains public sector information from Companies House, licensed under the Open Government Licence v3.0.