Interior Classics (Projects) Limited (09819347): administration
- Status
- Administration ended
- Administration began
- 2019-05-13
- Administrators
- Richard Paul James Goodwin, Roderick Graham Butcher
- Administrators' firm
- Butcher Woods
- Incorporated
- 2015-10-12
- Location
- Birmingham
- Industry
- 74909 Other professional, scientific and technical activities n.e.c.
Why it went into administration
- Rising costs / inflation
- Creditor pressure / legal action
- Loss of a key customer, supplier or contract
From the administrators' statement
Creditors should note that, unless otherwise stated, this section of my proposals has been prepared based on information provided to me by the directors of the Company and not from my persona! knowledge as Administrator.
The business originated as part of a partnership that had its origins in 1997 providing interior design solutions predominantly, at that time, to the mainstream UK house building industry. Trading over the subsequent years was successful with steady, continued growth always maintaining positive cash flow until 2007.
In 2001 the partnership agreement formalised the structure with the business separating into three distinct sectors, that of Interior Design and fit out for UK house builders, flooring contracts for UK house builders and Interior Design and fit out for UK retirement housebuilders. During the years of 2006 and 2007, Interior Classics, effectively the forerunner for the Company, proved to be the most profitable division.
Administrators' statement of proposals (2019-07-11) · Companies House register