# Norvik New Build Limited (08829596)

> Why UK company 08829596 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/08829596

- **Status:** Administration ended
- **Administration began:** 2019-03-05
- **Administrators:** Christopher Robert Pole, Howard Smith
- **Administrators' firm:** KPMG
- **Incorporated:** 2014-01-02
- **Location:** Birmingham
- **Industry:** 22290 Manufacture of other plastic products

## Why it went into administration

- Sustained trading losses
- Rising costs / inflation
- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure
- Credit insurance / supplier credit withdrawn
- Competition / price pressure

## From the administrators' statement

As outlined above, Synseal Extrusions Limited was incorporated in 1991, with the other group companies established in the years following.

Synseal reported turnover of £117 million in the year to March 2018 (excluding intercompany sales), employing 819 staff. Its key operating divisions included extrusion profile, glass,

warmcore, conservatory roofs and fabricated niche products. Synseal was headquartered in Huthwaite with glass operations at separate sites in Huthwaite, Blackburn, Wigan and Essex.

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/08829596/filing-history/MzIzMTUzMDQxNmFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/08829596

Contains public sector information from Companies House, licensed under the Open Government Licence v3.0.