Birmingham Innovations Ltd (07083860): administration
- Status
- Administration ended
- Administration began
- 2022-09-06
- Administrators
- Gareth Prince, Mark Malone
- Administrators' firm
- Begbies Traynor
- Formerly
- Loft Storage Stilts Ltd; Lofty Ideas Limited
- Incorporated
- 2009-11-23
- Location
- Birmingham
- Industry
- 32990 Other manufacturing n.e.c.
Why it went into administration
- Supply chain disruption
- Creditor pressure / legal action
- COVID-19
- Property / lease costs
- Rising costs / inflation
- Cash flow / liquidity pressure
- Sustained trading losses
- Competition / price pressure
From the administrators' statement
The Company carried on business in the supply of DIY, gardening and home sector products. The following background information has been provided by the directors and is provided to assist creditors who may have limited knowledge of the Company and its affairs to better understand the reasons for the pre-packaged sale.
The Company was fully acquired in January 2014 and initially made and sold loft storage stilts. The Company gained a reputation for reliable product, reliably delivered and consequently added a broad range of hardware lines. The Company expanded its customer base too with the acquisition of Screwfix, SIG Trading and Travis Perkins to the core B&Q volume.
The Company initially started from the Directors’ homes with sub-contract manufacturing and logistics. As volume and breadth was added, the logistics side was progressively brought in-house although manufacturing has continued to be sub contracted.
Administrators' statement of proposals (2022-09-16) · Companies House register