PRG Architectural Glazing Limited (07273019): administration
- Status
- Administration ended
- Administration began
- 2012-07-05
- Administrators' firm
- Leonard Curtis
- Incorporated
- 2010-06-03
- Location
- Manchester
- Industry
- 32990 Other manufacturing n.e.c.
Why it went into administration
- Bad debts / customer insolvency
- Property / lease costs
- Cash flow / liquidity pressure
From the administrators' statement
31 The Company was incorporated on 3 June 2010 and was established to purchase the business and assets of PRG Realisations Limited (formerly PRG Limited), which went into Administration on 11 June
32 The Company operated from leasehold premises situated at Units 5 & 7 Bassendale Road, Croft Business Park, Bromborough, Wirral, Merseyside, CH62 3QL, trading as a manufacturer of aluminium window units, primanly working for main contractors within the public sector
33 Difficulttes were encountered by the Company since inception, with reduced cash flow as a result of slow paying debtors, bad debts and a general downtum in trade The Company also acted primanly as a subcontractor, and so there was no direct control over the majority of the contracts it became involved in
Administrators' statement of proposals (2012-09-04) · Companies House register