Architectural Glass and Aluminium Limited (11951495): administration and why it failed

Architectural Glass and Aluminium Limited (11951495): administration

Status: Administration ended
Administration began: 2024-04-05
Administrators: Lee Van Lockwood, Gareth Harris
Administrators' firm: RSM
Formerly: Romag Architectural Aluminium Limited; Romag Glasshus Ltd
Incorporated: 2019-04-17
Location: Leeds
Industry: 32990 Other manufacturing n.e.c.

Why it went into administration

Funding withdrawn / unable to refinance
Competition / price pressure

From the administrators' statement

Relevant extracts from the company’s financial statements and management accounts are summarised below:

Period ending Sept 2022 May 2021 May 2020 Net current assets/(liabilities) 36,226 (730,694) (181,856) Net assets/(liabilities) 7,410 (939,787) (343,401) Net (loss) (1,752,813) (596,396) (343,402) Dividend paid - - -

Administrators' statement of proposals (2024-05-17) · Companies House register

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