Insitu Fabrications Ltd. (SC168732): administration
- Status
- Administration ended
- Administration began
- 2019-11-11
- Incorporated
- 1996-10-03
- Location
- Edinburgh
- Industry
- 25990 Manufacture of other fabricated metal products n.e.c.
Why it went into administration
- Cash flow / liquidity pressure
- Loss of a key customer, supplier or contract
From the administrators' statement
Insitu Fabrications Limited (hereinafter referred to as “the Company”) was incorporated on 3 October 1996 by director, Gordon Wright, who had approximately 8 years’ experience within the fabrication industry. The Company commenced trading with immediate effect. Trading was initially funded privately through sums introduced by Gordon.
The Company’s principal trading activity was the manufacture of fabricated metal products, largely for commercial kitchens. The Company traded from owned premises at Unit 19, Butlerfield Industrial Estate, Bonnyrigg, Midlothian, EH19 3JQ (“Commercial Property”)
Over the course of their 20-year history the company built up a successful business and cultivated many lucrative relationships within the industry. Contracts ranged between single item jobs and £600,000 large scale projects. At peak level the company employed 16 staff members. Financial information was provided in the form of monthly management accounts prepared by the Company’s external accountant which was then review by the directors.
Administrators' statement of proposals (2019-12-18) · Companies House register