Conservatory Blinds 4 Less Limited (06538328): administration
- Status
- Administration ended
- Administration began
- 2023-11-14
- Administrators
- Simon Matthew Gwinnutt
- Administrators' firm
- Greenfield Recovery
- Incorporated
- 2008-03-18
- Location
- Derby
- Industry
- 32990 Other manufacturing n.e.c.
Why it went into administration
- HMRC / tax arrears
- Sustained trading losses
- Parent or group failure
From the administrators' statement
The Company was incorporated on 18 March 2008, as a manufacturer, seller and fitter of conservatory blinds. The Company operated from rented premises at Unit 9, Derwent Business Park, Hawkins Lane, Burton-onTrent, Staffordshire, DE14 1QA.
The Company traded satisfactorily, however incurred a loss in the year to 31 March 2021 of circa £8,000. At that year end, the Company remained solvent, with shareholder reserves of some £11,000. In the following year, to 31 March 2022, the Company returned a profit approaching £8,000 and increased shareholder reserves to circa £18,500.
Management accounts for the 18 months period to 30 September 2023, show that the Company incurred a significant loss. Later in 2022 and continuing into 2023, customer orders decreased to the extent that only a few orders were received inthe latter weeks of trading. The directors concluded that there was no realistic prospect of customer orders increasing significantly in the foreseeable future and there was no alternative to the Company entering into insolvency proceedings. The Company completed installation of its final customer contract on 13 November 2023 and its employees were made redundant on that date.
Administrators' statement of proposals (2024-01-10) · Companies House register