Glassfibre Technologies Limited (07832077): administration
- Status
- Administration ended
- Administration began
- 2014-07-02
- Administrators
- David Michael Clements, Paul Douglas Glenn Walker
- Administrators' firm
- Harrisons Business Recovery and Insolvency
- Incorporated
- 2011-11-02
- Location
- Worcester
- Industry
- 32990 Other manufacturing n.e.c.
Why it went into administration
- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure
From the administrators' statement
The Company was incorporated in November 2011, with David Davis (‘DD’) and Jason P Gwin (JPG) being appointed as Directors at that time DD and JPG held 50 ordinary £1 shares each The Company did not commence trading immediately and Dormant Company Accounts to November 2012 were filed at Companies House
In February 2013 DD resigned as a Director, followed in July 2013 by the restgnation of JPG and the appointment of Joanna Clewer (JC) as Director. JC acquired the shares of both DD and JPG and she took sole control of the Company
The Company manufactured products ranging from fan stacks for nuclear power stations to car body panels and hard tops for pick up trucks. Such products were manufactured using fibreglass, carbon fibre or kevlar. The Company offered an in-house design service to meet its customers’ needs.
Administrators' statement of proposals (2014-09-03) · Companies House register