Marsden Smith Limited (06044825): administration
- Status
- Administration ended
- Administration began
- 2013-10-31
- Administrators
- Daniel Plant, Simon Franklin Plant
- Administrators' firm
- FRP Advisory
- Incorporated
- 2007-01-08
- Location
- London
- Industry
- 26120 Manufacture of loaded electronic boards
Why it went into administration
- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure
- Creditor pressure / legal action
- Bad debts / customer insolvency
- Loss-making contracts / project overruns
- Sustained trading losses
- Credit insurance / supplier credit withdrawn
- Competition / price pressure
From the administrators' statement
Albeit that statutory information is contained in Appendix Il, these Proposals provide bnef details in relation to the Company's history
The Company was incorporated on 8 January 2007 to act as a vehicle to purchase the business and assets of its associated predecessor, Seatech The Company continued the trade of Seatech, operating as a provider of electronic manufacturing services
According to Companies House, the Company had no previous names and as at the date of Administration, Mr Smith was the Company's solely appointed director Mr Matthews was registered as Company Secretary and a full list of historic appointments 1s attached to this report
Administrators' statement of proposals (2013-11-25) · Companies House register