ROY Allen Supplies Limited (05736038): administration
- Status
- Administration ended
- Administration began
- 2012-08-20
- Administrators
- Simon Campbell, Julie Anne Palmer
- Administrators' firm
- Begbies Traynor
- Incorporated
- 2006-03-09
- Location
- Portsmouth
- Industry
- 96090 Other service activities n.e.c.
Why it went into administration
- Creditor pressure / legal action
- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure
- Sustained trading losses
- Competition / price pressure
From the administrators' statement
The Company traded in ironmongery, most specifically door furniture, which it sold to both retail customers and building contractors
The business, which traded from leased premises in Swindon had been trading for over 30 years and was incorporated in 2006 At its peak, tumover was £3m employing 12 people, however more recently, turnover had dropped to £1 8m The employees were made redundant on 6 August when the Company ceased to trade
The Company began to expenence financial difficultes as a consequence of the general economical downtum and the effects on the construction industry A number of customers’ contracts had been put on hold or scrapped altogether which gave the Company no certainty over its future orders
Administrators' statement of proposals (2012-10-15) · Companies House register