Stephen Clasper Interiors Limited (07174278): administration
- Status
- Administration ended
- Administration began
- 2016-05-03
- Administrators
- Paul Ellison, Gareth Wyn Roberts
- Administrators' firm
- KRE Corporate Recovery
- Incorporated
- 2010-03-02
- Location
- Reading
- Industry
- 16290 Manufacture of other products of wood; manufacture of articles of cork, straw and plaiting materials
Why it went into administration
- Loss of a key customer, supplier or contract
- Cash flow / liquidity pressure
- Bad debts / customer insolvency
- Weather / natural events
From the administrators' statement
The following narrative has been produced from statements provided by the company’s director(s) Creditors should note therefore that neither the Joint Administrators nor KRE Corporate Recovery LLP (“KRE”) accept any responsibility for any inaccuracies contained herein
Stephen Clasper (‘SC’) began trading as a sole trader with 2 employees in 1997 from a workshop in Fulham, London SC took a small bank loan of £10,000 initially which was paid back over 3 years in order to fund the business and it moved to the current location in Chertsey in 2004/2005 and slowly built up a larger workforce Following the sale of his property in London in 2006 SC invested approximately £174,000 into the business between December 2005 and June 2009
The business was incorporated into a limited company on 2 March 2010 as clients and projects became more complex and following advice from his accountant SC believed that becoming a limited company would give the business more credibility in building its brand and raising Its profite and prices
Administrators' statement of proposals (2016-07-01) · Companies House register