EBO Quality Signs Ltd (09768216): administration
- Status
- Administration ended
- Administration began
- 2019-07-09
- Administrators
- Kanwaljit Singh Girn
- Incorporated
- 2015-09-08
- Location
- Brentford
- Industry
- 25990 Manufacture of other fabricated metal products n.e.c.
Why it went into administration
- Sustained trading losses
From the administrators' statement
Background to the Business
EBOQS is a road sign and clips manufacturing business that has traded since September 2015 from an industrial unit in Ebbw Vale, Wales. The Company, on its incorporation, acquired the business and assets from the liquidator of another sign manufacturing business called Monwel Limited (registration number 08284345, former registered office 1st Floor North Anchor Court, Keen Road, Cardiff, CF24 5JW), a company that was placed into liquidation on 20" August 2015 and dissolved on 30" January 2019). EBOQS has traded at a loss since its incorporation and its unaudited draft accounts for the year ended 31st March 2019 report accumulated trading losses of some £77,566. Due to a revaluation reserve of some £123,266 being the surplus over book value arising on the directors’ revaluation of the Company’s plant and machinery, the Company had positive net assets throughout its trading history. EBOQS was able to trade with the support of grants from the Welsh Government and funding from RBS Social and Community Capital Limited (secured by a first fixed and floating charge over the assets and undertaking of the Company).
The Company employed 11 people (including the directors) of whom 9 were involved in production and manufacturing. Recent trading results for the years ended 31st March 2019 (draft and unaudited), 31st March 2018, and 2017 are as follows:
Administrators' statement of proposals (2019-09-09) · Companies House register