Total Scaffolding Supplies Limited (07918287): administration
- Status
- Administration ended
- Administration began
- 2019-05-07
- Administrators' firm
- Begbies Traynor
- Incorporated
- 2012-01-20
- Location
- Salisbury
- Industry
- 47910 Retail sale via mail order houses or via Internet
Why it went into administration
- Funding withdrawn / unable to refinance
- Creditor pressure / legal action
From the administrators' statement
The Company was incorporated on 20 January 2012 for the purposes of trading as a supplier of scaffolding, providing products to all construction sector clients.
The Company operated successfully for many years and it has seen significant growth since it commenced trading, with turnover increasing from approximately £60,000.00 to £3,900,000.00. This in turn caused ongoing financial difficulties as the Company was soon unable to fulfil orders due to an inability to fund stock and supplies required to meet customer demand.
Extracts from the Company's filed and management accounts shows the Profit and Loss accounts and Balance Sheets for the previous four years are as follows:
Administrators' statement of proposals (2019-07-12) · Companies House register