Kierbeck Thames Limited (05650173): administration
- Status
- Administration ended
- Administration began
- 2015-07-22
- Administrators
- Martha Hanora Thompson, William Matthew Humphries Tait
- Administrators' firm
- BDO
- Formerly
- Thamesteel Products Limited
- Incorporated
- 2005-12-09
- Location
- Gatwick
- Industry
- 25110 Manufacture of metal structures and parts of structures
Why it went into administration
- Cash flow / liquidity pressure
- Competition / price pressure
- Funding withdrawn / unable to refinance
- Sustained trading losses
From the administrators' statement
The Company was incorporated on 9 December 2005 and was known as Thamesteel Products Limited until it changed its name to Kierbeck Thames Limited on 2 June 2010 At the time of appointment the Company employed 87 staff.
The Company 1s a wholly owned subsidiary of Al Tuwairqi Holding Company which ts controlled by Or Hilal Hussain Al Tuwairqi (93%) and the Al Tuwairqi family (7%) The directors of the Company are Dr Hilal Hussain Tuwairqi and Dr Khalid Hilal Al Tuwairqi who are both based in the Kingdom of Saudi Arabia.
The business traded as a supplier of cut and bent steel rebar together with prefabrcation products It imported steel for this purpose but was not a steel stockholder The day to day operations of the business were managed by the senior management team (“Management”) which comprised of Brendon O’Connell (general manager) and Hari Kambo (accountant and Company secretary).
Administrators' statement of proposals (2015-09-22) · Companies House register