N D M (Metal Roofing & Cladding) Limited (06252574): administration
- Status
- In administration
- Administration began
- 2023-12-07
- Administrators
- Myles Jacobson
- Administrators' firm
- MJ Advisory
- Incorporated
- 2007-05-18
- Location
- London
- Industry
- 43910 Roofing activities
Why it went into administration
- HMRC / tax arrears
- Rising costs / inflation
- Loss-making contracts / project overruns
- COVID-19
- Funding withdrawn / unable to refinance
- Creditor pressure / legal action
- Property / lease costs
- Brexit
From the administrators' statement
Following the period of consistent trading, in 2017 the Company had to make some key decisions concerning its operations due to rising costs in London. N D M left its first main premises in Acton way behind and then vacated its Alperton factory due to the rising Inner London council tax/rates burden.
Latterly, the business moved its main workstation up to Eaton Socon in Cambridgeshire, a smaller storage factory in Huntingdon and chose a bijou office in Staines that dealt with drawing design, wages and Mr Miles’s base office.
In 2020, the UK left the European Union and as N D M’s workforce was made up of various nationalities the business lost many good staff who returned home to their respective countries. The division of duties between the directors meant that one (Mr Miles) was solely responsible for recruitment, securing materials and getting the work completed. The other was responsible for winning work (Mr Shepherd).
Administrators' statement of proposals (2024-02-17) · Companies House register