P.F.T. Metal Products Ltd (05658301): administration
- Status
- Administration ended
- Administration began
- 2015-06-17
- Incorporated
- 2005-12-19
- Location
- London
- Industry
- 25990 Manufacture of other fabricated metal products n.e.c.
Why it went into administration
- Loss of a key customer, supplier or contract
- HMRC / tax arrears
- Creditor pressure / legal action
- Credit insurance / supplier credit withdrawn
- Sustained trading losses
- Competition / price pressure
From the administrators' statement
It is understood that Mr Hawkins was appointed as director of the Company upon its incorporation Mr Hawkins had previously been trading as a sole trader under the name of Park Farm Trading in his spare time as evening and weekend work Mr Hawkins financed the set-up of the Company with his own funds and personal loans
Mr Hawkins has explained that as his work load grew as a sole trader it was necessary for him to obtain trading premises and to run the business as a full tme operation This led to the Company being incorporated on 19 December 2005 and moving into one unit at the Trading Premises
P.F.T. Metal Products Limited (In Administration) Statement of Joint Administrators’ Proposals Pursuant to Paragraph 49(1) of Schedule B1 of the Insolvency Act 1986
Administrators' statement of proposals (2015-07-23) · Companies House register