MG Marble and Granite (UK) Limited (07337612): administration
- Status
- Administration ended
- Administration began
- 2013-06-26
- Administrators
- Kelly Burton, Gemma Louise Roberts
- Administrators' firm
- Wilson Field
- Incorporated
- 2010-08-05
- Location
- Sheffield
- Industry
- 23700 Cutting, shaping and finishing of stone
Why it went into administration
- Cash flow / liquidity pressure
- Competition / price pressure
From the administrators' statement
The Company commenced trading in September 2010 from leased premises at Unit E6, Countess Avenue, Stanley Green Trading Estate, Cheadle Hulme, SK8 6QS and bought the assets and business from a pre-packaged administration of MG Marble and Granite Limited.
The Company operated with 2 appointed directors with one operating the sales and financial side and the other concentrating on the factory and production.
The company employed new sales staff and workdoad was expanding with the future of the Company looking more and more profitable. However, it soon became apparent that the Production side of the business was struggling with the workload so the company employed more staff. Even with a larger workforce, it was still visible that the running of the factory wasn't being directed to the full capacity and lots of mistakes were happening due to very poor organisation which In turn, fed to cash flow problems.
Administrators' statement of proposals (2013-07-31) · Companies House register