STC 2020 Realisations Limited (09423498): administration

Status

Administration ended

Administration began

2020-06-29

Administrators

Lyn L Vardy, Robert Andrew Croxen, Mark Granville Firmin

Administrators' firm

Alvarez & Marsal

Formerly

Stevenswood Trade Centres Limited; Polyframe Trade Centres Ltd; Polyframe Trade Counters Ltd

Incorporated

2015-02-05

Location

Brighton

Industry

43342 Glazing

From the administrators' statement

Full details of the events leading up to the administration can be found in the Statement of Insolvency Practice 16 (“SIP 16”) statement at Appendix 8. A brief summary is provided below which should be read in conjunction with the SIP16 statement.

We were introduced to the Group in December 2019 by its Lenders, who were concerned by the performance of the Group and its ability to generate sufficient cash to service its debt and

meet its obligations to stakeholders.

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STC 2020 Realisations Limited (09423498)

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