DRS Entrance Systems Ltd (07643030): administration
- Status
- Administration ended
- Administration began
- 2013-08-20
- Formerly
- DRS Entrance Systems (UK) Ltd; PAT Testers UK Limited
- Incorporated
- 2011-05-23
- Location
- Sheffield
- Industry
- 25120 Manufacture of doors and windows of metal
Why it went into administration
- Creditor pressure / legal action
From the administrators' statement
The information provided in this section is based upon the Company records, the accuracy of which the Joint Administrators are unable to vouch for The Joint Administrators cannot therefore be held personally lable for errors or misstatement of fact contained therein
The Company commenced trading on 23 May 2011, from leased premises at Mauds Court, Long Lane, Tendring, Clacton on Sea, Essex, CO16 OBG The Company had previously traded under the name of DRS Entrance Systems (UK) Limited which entered into Administration on 3 November 2011 The Company primarily traded as that of a manufacture of doors and windows
Initially the Company’s first year of trading proved very variable However, the second year of trading saw the Company see profits beginning to decline and in order to sustain the Company the Director undertook cost cutting exercises This resulted in the Company making 40% of its employees redundant It was at this time the Director took the decision to cease tendering for contracts of work within the London area This was primarily due to the Company not being able to obtain reliable engineers to complete the contracted work and the increasing overheads of working within the London borough
Administrators' statement of proposals (2013-09-25) · Companies House register