S & D Seating Systems Ltd (08944642): administration
- Status
- Administration ended
- Administration began
- 2016-01-20
- Administrators
- Simon Franklin Plant, Daniel Plant
- Administrators' firm
- SFP Restructuring
- Incorporated
- 2014-03-18
- Location
- Marsh Wall
- Industry
- 33170 Repair and maintenance of other transport equipment n.e.c.
Why it went into administration
- Property / lease costs
- Cash flow / liquidity pressure
- HMRC / tax arrears
- Bad debts / customer insolvency
From the administrators' statement
Albeit that statutory information is contained in Appendix I, these Proposals provide brief details in relation to the Company's history This history has been compiled following conversations between the Team and the Directors, subsequent to the placing of the Company into Administration
The Directors have always worked in the industry and met whilst working for Magna Powertrain where they both worked in the rail tim division
tn 2007, Mr Patton took voluntary redundancy after being asked to reapply for his job At the same time, Mi Kirk handed his notice in The Directors subsequently started the Partnership in order to concentrate on supplying trim for seating in the ral dustry The Partnership grew steadily relying heavily on the Directors’ contacts in the industry and expertise
Administrators' statement of proposals (2016-03-18) · Companies House register