ACE Joinery Solutions Limited (06858628): administration
- Status
- Administration ended
- Administration began
- 2015-08-06
- Administrators
- Colin David Wilson, Joanne K Rolls
- Administrators' firm
- Opus Restructuring
- Incorporated
- 2009-03-25
- Location
- Hastings
- Industry
- 16230 Manufacture of other builders' carpentry and joinery
Why it went into administration
- Bad debts / customer insolvency
From the administrators' statement
Ace Joinery Solutions Limited (hereinafter referred to as “the Company”) was incorporated on 25 March 2009 by Chris Addison The Company commenced trading with immediate effect
The Company manufactured bespoke hardwood and softwood jomery, such as stairs, architraves and windows and traded with both the commercial and residental markets Customers came from across the South East region, encompassing East Sussex, West Sussex, Kent, Surrey and all parts of London The Company traded out of leasehold premises at in St Leonards on Sea, East Sussex and operated with 15 employees
On 1 July 2015, Fairhurst Ward Abbotts (“FWA”), the Company's largest debtor, unexpectantly entered Administration The Company attempted to contact the end client in relation to the major debt to establish if a direct payment could be achieved It became clear, following the Director's attempts to speak with the end customer that even if a recovery could be achieved, it would not be within a sufficient time period to enable the Company to meet Its obligations as and when they fell due
Administrators' statement of proposals (2015-09-28) · Companies House register