JWS Drylining Ltd (09129133): administration
- Status
- Administration ended
- Administration began
- 2018-02-26
- Administrators
- Andrew Howard Beckingham, Conrad Alan Beighton
- Administrators' firm
- Leonard Curtis
- Incorporated
- 2014-07-14
- Location
- Birmingham
- Industry
- 43310 Plastering
Why it went into administration
- Competition / price pressure
- Cash flow / liquidity pressure
- Pension deficit
From the administrators' statement
The Company was incorporated on 14 July 2014 and commenced to trade on this date from the director’s home address, before subsequently trading from premises at Unit 3, The Hemingway Centre Brunel Way, Thombury, Bristol BS35 3UR. The principal trading activity of the Company was drylining and rendering systems.
Initially, whilst trading from the director's home, the director was the sole employee, personally carrying out the works required. The work levels began to increase and the director tumed his attention to overseeing the Company, rather than spending his time completing the contracts. Accordingly, additional members of staff were employed to assist the director.
In 2015, the Company signed an invoice discounting agreement with Bibby Financial Services Ltd which gave the Company the ability to expand at a fast, but manageable rate.
Administrators' statement of proposals (2018-04-11) · Companies House register