Fire Doors Limited (05796545): administration
- Status
- Administration ended
- Administration began
- 2013-01-28
- Formerly
- Doylester Twenty Four Limited
- Incorporated
- 2006-04-26
- Location
- Manchester
- Industry
- 16290 Manufacture of other products of wood; manufacture of articles of cork, straw and plaiting materials
Why it went into administration
- Cash flow / liquidity pressure
- HMRC / tax arrears
- Bad debts / customer insolvency
From the administrators' statement
The Company commenced to trade in 2006 with an approximate turnover of £2 5 million The Company's business was the design and manufacture of bespoke certified fire doors and pre-hung fire door sets The Company purchased part of the business and assets of Unsworth Limited, a large joinery contractor located in Mold, North Wales which went into liquidation in 2006 The Company continued to grow steadily over the next few years and turnover steadily grew to nearly £5 million
The Company moved trading premises to Bryn Mawr Industral Estate, Pinfold Lane, Flintshire, CH7 6NZ in December 2011, resulting in a cash outlay of between £70,000 to £90,000 At the same time the Company suffered a bad debt of £130,000 The Company were able to withstand this by tightening margins and managing cash flow Time to pay arrangements were set up with HM Revenue and Customs
Adminustrator’s Report and Statement of Proposals
Administrators' statement of proposals (2013-02-13) · Companies House register