# Duval FM Limited (06495979)

> Why UK company 06495979 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/06495979

- **Status:** Administration ended
- **Administration began:** 2020-03-27
- **Administrators' firm:** The Wilkes Partnership
- **Formerly:** S Security Limited; Duval FM Limited; The Stones Security Company Limited
- **Incorporated:** 2008-02-06
- **Location:** Birmingham
- **Industry:** 80100 Private security activities

## Why it went into administration

- Rising costs / inflation
- Property / lease costs
- Pension deficit

## From the administrators' statement

Creditors should note that, unless otherwise stated, this section of my proposals has been prepared based on information provided to me by the directors of the Company and not from my personal knowledge as Administrator

The Company provided security services and facility services to a variety of clients throughout the United Kingdom on a contractual basis. At the outset, the Company was able to generate sustainable profit margins successfully delivering services to its clients.

The fortunes of the Company began to suffer however in early 2019 with increases in both the national living wage and workplace pension contributions. In order to account for the increased costs Incurred, negotiations with clients begun with a view to securing an increase of 7.9% in rates received. Unfortunately, the result of the negotiations saw an increase of 4.1% due to economic pressure that the customer base was also experiencing.

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/06495979/filing-history/MzI2MzYzMTE3OGFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/06495979

Contains public sector information from Companies House, licensed under the Open Government Licence v3.0.