Andy Thornton Contracts Limited (07830065): administration
- Status
- Administration ended
- Administration began
- 2019-07-31
- Administrators
- Adrian Graham
- Administrators' firm
- Begbies Traynor
- Incorporated
- 2011-11-01
- Location
- Sheffield
- Industry
- 43320 Joinery installation
Why it went into administration
- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure
- Creditor pressure / legal action
- Loss of a key customer, supplier or contract
- Property / lease costs
- Sustained trading losses
From the administrators' statement
The history of the Company and details of events leading to the Company entering into Administration, including the Directors’ reasons for the Company's failure are stated below. This statement has been prepared with information provided by the Directors and any comments made, opinions expressed, or assertions made are those of the Directors and not of Graywoods.
Andy Thornton Contracts Limited (ATC Limited) was incorporated on 1 November 2011, with Andrew Taylor the sole director and shareholder. The current directors are Andrew Taylor and Richard Woods, with the current shareholders Andrew Taylor (60%) and James Sturgeon (40%).
The Company commenced trading on 6 January 2012 with its principal activity is that of design, manufacture and installation of high class interiors. The shareholders of ATC Limited also own PDS Design & Build Limited (PDS), a company whose principal activity is the provision of property services to the retail and leisure industry. The company is owned in the same ratio as ATC Limited with Andrew Taylor also a director of PDS. The shareholders bought ATC Limited on the understanding that it would not only complement PDS in terms of offering a design, build, supply and fit package, but also provide opportunities to capture new business as both companies operate within a similar sector.
Administrators' statement of proposals (2019-09-11) · Companies House register