Roles Precision Contractors Limited (SC217371): administration
- Status
- Administration ended
- Administration began
- 2020-09-15
- Administrators
- Lisa Jane Hogg, Kelly Burton
- Administrators' firm
- Wilson Field
- Formerly
- Roles P.C. Limited; Roles Precision Contractors Limited
- Incorporated
- 2001-03-27
- Location
- Glasgow
- Industry
- 24100 Manufacture of basic iron and steel and of ferro-alloys
Why it went into administration
- COVID-19
- Weak consumer demand
- Cash flow / liquidity pressure
- Creditor pressure / legal action
- Bad debts / customer insolvency
- Property / lease costs
From the administrators' statement
The information provided in this section is based upon the Company's records, Companies House filings, information provided by the Company and the explanations of its personnel. The key personnel involved in the provision of this information were the Company's director, Steven Egner, the Company’s Accounts Manager and representatives. of its secured creditor, Close Brothers Limited (Close Brothers”). The Joint Administrators cannot, therefore, be held personally liable for any errors or misstatement of fact contained therein.
The Company was incorporated on 27 March 2001 by a company formation agent at Scott’s Company Formations. Upon incorporation, a corporate director known as Stephen Mabbott Ltd became the Company’s sole director, with a corporate secretary known as Brian Reid Ltd also being appointed. However, both Stephen Mabott Ltd and Brian Read Ltd resigned from their respective positions as director and secretary that same day. The Company’s registered office was 82 Mitchell Street, Glasgow, G1 3NA. Given that the registered office of the Company was in Scotland, the insolvency proceedings are governed by the Rules.
The Company's issued share capital was 1,000 shares of £1 each. Both Stephen Mabbott Ltd and Brian Reid Ltd took one share each, with the remainder of the shares being unallocated.
Administrators' statement of proposals (2020-10-22) · Companies House register