# CK Weld.Co Limited (SC170872)

> Why UK company SC170872 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/SC170872

- **Status:** Administration ended
- **Administration began:** 2017-02-23
- **Administrators:** Alexander Iain Fraser, Thomas Campbell Maclennan
- **Administrators' firm:** FRP Advisory
- **Formerly:** Bonsquare 516 Limited
- **Incorporated:** 1996-12-24
- **Location:** Aberdeen
- **Industry:** 46140 Agents involved in the sale of machinery, industrial equipment, ships and aircraft

## Why it went into administration

- Weak consumer demand
- Cash flow / liquidity pressure
- Sustained trading losses

## From the administrators' statement

The Company was incorporated in 1996 and operated as a vendor of welding equipment and consumables, largely to the oil and gas sector. At the date of administration it had three employees and operated from a unit at Greenrole Trading Estate, Howe Moss Drive, Dyce, AB21 OGL.

The company had grown from an average turnover of £2.0M from FY07 to FY11 to generate average turnover of £3.2M from FY12 to FY15, with strong and consistent net profitability across that period.

The well-publicised downturn in the oil and gas sector from mid-2014 onwards and the stagnation of North Sea project work led to a terminal decline in the Company’s own trade.

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/SC170872/filing-history/MzE3MzI0NDU4MGFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/SC170872

Contains public sector information from Companies House, licensed under the Open Government Licence v3.0.