Laser Shapes (NW) Limited (10734544): administration
- Status
- Administration ended
- Administration began
- 2018-07-17
- Administrators
- John Allan Carpenter, Christopher Benjamin Barrett
- Administrators' firm
- Dow Schofield Watts
- Incorporated
- 2017-04-21
- Location
- Daresbury
- Industry
- 25990 Manufacture of other fabricated metal products n.e.c.
Why it went into administration
- Property / lease costs
- Cash flow / liquidity pressure
- Bad debts / customer insolvency
- Competition / price pressure
From the administrators' statement
The Company purchased its business and assets from Laser Shapes (UK) Ltd on 28 April 2017, a day after Laser Shapes (UK) Ltd went into administration with RSM Restructuring Advisory LLP.
A total of £42,500 was paid upon completion of the sale, with the remaining £42,500 payable over the first four months of trading.
The business commenced trading as an engineering business specialising in laser cutting, sheet metal bending and folding, welding and metal coating. The directors of the business were James Harrison and Emma Harrison. James Harrison held 80 ordinary shares and Emma Harrison held 20 ordinary shares of the Company.
Administrators' statement of proposals (2018-08-31) · Companies House register