Taylored Underfloor Heating & Floor Finishes Limited (09438321): administration
- Status
- Administration ended
- Administration began
- 2019-09-20
- Administrators' firm
- Contract Recovery Solutions
- Incorporated
- 2015-02-13
- Location
- Droitwich
- Industry
- 43390 Other building completion and finishing
Why it went into administration
- Creditor pressure / legal action
From the administrators' statement
3.1 MB Insolvency were introduced to the Director via Contract Recovery Solutions Limited (‘CRS’), and an initial meeting was held on 15 July 2019 to help advise on the generic options available to the Company as it was deemed to be insolvent. The Director advised that the company was under significant pressure from certain trade suppliers. This pressure lead to an initial winding up petition being presented on 26 June 2019 by Thermascreed Limited, however the petition was withdrawn due to the amount being disputed and that the fact that the petition had been served incorrectly.
3.2 Unfortunately pressure from creditors was intensifying and shortly following the withdrawal of the petition the company received notice of a statutory demand dated 12 August 2019 from Belgrade Insulations Limited. The director at this point made the decision that the company needed to enter into a process in order to protect the position of the company.
3.3 A notice of intention to appoint an Administrator was filed at court on 6 September 2019 under the reference number 740 of 2019.
Administrators' statement of proposals (2019-11-02) · Companies House register