GMT Facade Installations Limited (06351733): administration
- Status
- Administration ended
- Administration began
- 2014-05-01
- Administrators
- Simon Franklin Plant, Daniel Plant
- Administrators' firm
- SFP Restructuring
- Incorporated
- 2007-08-23
- Location
- London
- Industry
- 43390 Other building completion and finishing
Why it went into administration
- Cash flow / liquidity pressure
- HMRC / tax arrears
- Over-expansion / investment not recovered
From the administrators' statement
Ms Juhasz explained that pnor to the formation of the Company, Mr Boros had worked for a construction company in Hungary and obtained over fifteen years of expenence in fitting glass facades
Further, that in the mid 1990's, they formed a Hunganan company in the name of Boros to specialise in fitting glass facades, utilising Mr Boros’ expenence in the industry Ms Juhasz ts understood to have undertaken an administrative role
Boros won a number of contracts in Hungary and Ausina, including contracts with Permasteelisa Ms Juhasz advised that for the next 10 years the customer base contnued to grow As a result, the company's tumover steadily increased and profits continued to grow annually
Administrators' statement of proposals (2014-06-12) · Companies House register