Building Supplies Online Limited (07117640): administration
- Status
- Administration ended
- Administration began
- 2022-06-20
- Administrators
- Sarah Cook, David Frederick Shambrook
- Administrators' firm
- FRP Advisory
- Incorporated
- 2010-01-06
- Location
- London
- Industry
- 46130 Agents involved in the sale of timber and building materials
Why it went into administration
- Regulatory change or action
- COVID-19
- Rising costs / inflation
- Supply chain disruption
- Funding withdrawn / unable to refinance
- Sustained trading losses
From the administrators' statement
The Company was incorporated on 6 January 2010 and operated as a family run builder’s merchant.
The Company offered a range of building products, from industry-leading manufacturers direct to the trade and public, at trade prices.
During 2017, the Company obtained investment from Cairngorm, a fund advised by Cairngorm Capital Partners LLP, who acquired a majority shareholding through a holding company, Distribution Holdings Limited.
Administrators' statement of proposals (2022-08-12) · Companies House register