Skonto Plan UK Ltd (06813720): administration
- Status
- Administration ended
- Administration began
- 2024-08-12
- Administrators' firm
- Evelyn Partners
- Formerly
- Skonto Enterprises (UK) Limited; Skonto Plan UK Limited
- Incorporated
- 2009-02-09
- Location
- London
- Industry
- 25990 Manufacture of other fabricated metal products n.e.c.
From the administrators' statement
The Company was incorporated on 9 February 2009 and is the UK trading entity of a wider Skonto Group, based in Latvia. The office premises is at 183 - 185 Bermondsey Street, London, SE1 3UW.
The Company installed unitised and traditional facades used in commercial building projects, which were designed and manufactured by the Latvian parent company, SIA Skonto.
The Company began experiencing considerable cash flow issues earlier this year, following an adjudication which resulted in a third party interim debt order and the subsequent freezing of just under half a million pounds of Company funds. Together with the wider Skonto Group, the Company had been exploring various options to deal with the financial pressures arising from this, including external financing, a buy-out of the business, or potentially a pre-pack sale, none of which came to fruition.
Administrators' statement of proposals (2024-10-04) · Companies House register