Axion Specialist Glazing Limited (05969098): administration
- Status
- Administration ended
- Administration began
- 2011-05-10
- Administrators
- Adam Jordan, Nickolas Garth Rimes
- Administrators' firm
- The Wilkes Partnership
- Incorporated
- 2006-10-17
- Location
- Bewdley
- Industry
- 4542
Why it went into administration
- Funding withdrawn / unable to refinance
- Credit insurance / supplier credit withdrawn
- Competition / price pressure
From the administrators' statement
The Company was incorporated in 2006 to undertake the installation of structural glass, aluminium and steel curtain walling The Company traded from The Old Station, Worcester Road, Cosford, Wolverhampton WV7 3EY
The Company traded strongly until 2010 with turnover increasing year on year However in 2010 the Company witnessed a decline in work due to a downturn in the economy As the economy suffered there was a direct impact on supplier prices increasing which also made tradtng very difficult in already difficult tmes
The Company also suffered from a poor credit rating with suppliers which made trading very difficult through already difficult ttmes and in late 2010 the Company was involved in a legal dispute with a client over defective materials The Company was unable to continue the legal dispute due to a lack of funds
Administrators' statement of proposals (2011-07-13) · Companies House register