D&A Withey Limited (06821060): administration
- Status
- Administration ended
- Administration began
- 2013-02-21
- Incorporated
- 2009-02-17
- Location
- Moulton Park
- Industry
- 25110 Manufacture of metal structures and parts of structures
Why it went into administration
- Loss of a key customer, supplier or contract
- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure
- Bad debts / customer insolvency
- Parent or group failure
From the administrators' statement
The Company was incorporated on 17 February 2009 after its business and assets were acquired from an administration and it has traded successfully for several years as part of the Group
During late 2011 the Company began to experience pressure from creditors as the Group began to experience financial difficuites Deane & Amos Shopfitting Ltd, one of the companies within the group at the time, entered into administration in July 2011 and the remaining companies in the group found it difficult to obtain supphes to continue trading as suppliers were reluctant to provide goods on credit
Trading and cash flow for the first part of the trading year were fine However, in October 2012, following the Group's loss of a contract with a major clearing bank to refurbish several of their branches and a large bad debt being suffered, cash flow pressures began to appear
Administrators' statement of proposals (2013-04-26) · Companies House register