Dividers Folding Partitions Ltd (08305523): administration
- Status
- Administration ended
- Administration began
- 2018-01-29
- Administrators
- John William Butler, Andrew James Nichols
- Administrators' firm
- Metis Partners and Gilbert Baitson
- Incorporated
- 2012-11-23
- Location
- Driffield
- Industry
- 16230 Manufacture of other builders' carpentry and joinery
Why it went into administration
- Cash flow / liquidity pressure
- Property / lease costs
From the administrators' statement
3.1 Redman Nichols Butler were first contacted by the director on 22 January 2018 to discuss the company’s financial position.
3.2 The company was under significant cash flow pressure but the directors had been liaising with an interested party with a view to selling the business / company as a going concern.
3.3 Following the initial instruction, my staff and | liaised with the interested party to establish whether the business and assets could be sold via a pre-packaged administration.
Administrators' statement of proposals (2018-04-10) · Companies House register