Aztec Cladding Solutions Ltd (06574756): administration
- Status
- Administration ended
- Administration began
- 2011-09-02
- Incorporated
- 2008-04-23
- Location
- Leeds
- Industry
- 4525
Why it went into administration
- Bad debts / customer insolvency
- Cash flow / liquidity pressure
- Loss of a key customer, supplier or contract
- Sustained trading losses
From the administrators' statement
The Company was incorporated on 23 Apml 2008 by Matthew Buckmaster and Simon Buckmaster as a separate legal entity to commence trading following Aztec Fire Solutions Limited (“Fire”) entering mto a company voluntary arrangement (“CVA”) The Company traded from St John’s House, Clyde Street, Bingley, BD16 4LD
Following the commencement of the CVA in February 2008 Fire were unable to obtain credit and the Company would purchase materials for Fire’s contracts. The Company’s initial objectives were to provide fire protection sub contractor services to the construction industry and support Fire during its CVA.
The turnover of Fire was not in line with that estimated by the directors in the CVA and the Fire suffered a loss of £40,000 in the year ended 30 September 2009 with a further loss of £60,000 in the five months ended 28 February 2010. The directors of Fire and the Company, supported Fire during this period by introducing additional funds The Company provided support to Fire amounting to approximately £100,000 in this penod.
Administrators' statement of proposals (2011-10-26) · Companies House register