D F R Materials Limited (06734499): administration
- Status
- Administration ended
- Administration began
- 2020-05-22
- Administrators' firm
- FRP Advisory
- Formerly
- Renforce Reinforcements Limited
- Incorporated
- 2008-10-27
- Location
- London
- Industry
- 25990 Manufacture of other fabricated metal products n.e.c.
Why it went into administration
- Creditor pressure / legal action
- HMRC / tax arrears
- COVID-19
- Sustained trading losses
- Competition / price pressure
From the administrators' statement
Renforce is a manufacturer and supplier of a wide range of steel forged products as well as cut and bent reinforcement and prefabrication; it also offered a full mesh cutting service and on site de-coiling and cutting facilities.
The Company was incorporated on 27 October 2008, it started to trade shortly thereafter from leasehold premises at Unit 16, Eastway Business ‘Village, Olivers Place, Fulwood, Preston. It latterly employed 26 people. The sole director is Derek Balchin.
The Company was funded by HSBC through an overdraft and by Close through an invoice discounting facility over the Company’s debtor ledger.
Administrators' statement of proposals (2020-07-03) · Companies House register