Botley Plumbing Limited (05680217): administration
- Status
- Administration ended
- Administration began
- 2011-04-07
- Administrators' firm
- RSM
- Incorporated
- 2006-01-19
- Location
- Sheffield
- Industry
- 4533
Why it went into administration
- Cash flow / liquidity pressure
- Competition / price pressure
- Bad debts / customer insolvency
- Loss-making contracts / project overruns
- Credit insurance / supplier credit withdrawn
From the administrators' statement
Botley Plumbing Ltd (‘the company’) was incorporated in January 2006 with 5 equal shareholders, each owning 200 shares, and all of whom were also working directors in the company All of the directors had worked tn the plumbing and heating industry for a number of years and were all experienced self employed individuals In 2008, one of the directors resigned but this did not adversely affect the company’s trading
The company started trading as soon as It was incorporated and tendered for plumbing and heating contracts mainly in the new housing sector Contractors included many of the national house builders as well as local developers Sites were spread both locally, along M4 corridor and in South East In addition, the company carried out refurbishment works for local schools and private works for individuals although these were not the main source of income
There was much competition within the new housing sector but the firm soon built up a good reputation for tts quality of standard of work and reliability and became a preferred contractor for a number of the developers
Administrators' statement of proposals (2011-05-23) · Companies House register