From the administrators' statement

Al was established in 1997 as a supplher and fitter of suspended ceilings, partitions and drylining, to commercial and trade customers across the UK Al supplied services to a range of industries including the public sector, airports and retail During 2007 the Directors of HSI5 (as per Appendix 1) established HSI5 as a holding company to purchase 100% of the shares of Al Following the acquisition, Al continued to trade as previously, whilst HSI5 was maintained as a non-trading holding company

Overview of Financial Information

Extracts from the audited Group accounts for the 12 months to 30 September 2010, and unaudited management accounts to 28 February 2011, are shown below

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Howard Sandcliffe Investments 5 Limited (06257656)

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