Glow Insulation & Site Supplies Limited (SC463103): administration
- Status
- In administration
- Administration began
- 2025-11-26
- Administrators
- Michael John Magnay, Gemma Quinn, Jonathan Charles Marston
- Administrators' firm
- Alvarez & Marsal
- Incorporated
- 2013-11-05
- Location
- Glasgow
- Industry
- 46130 Agents involved in the sale of timber and building materials
Why it went into administration
- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure
- Creditor pressure / legal action
- Sustained trading losses
- Credit insurance / supplier credit withdrawn
From the administrators' statement
The Company was incorporated on 5 November 2013. From incorporation until June 2018, the Company was owned by Rembrand Timber Limited (now, NTGS). Following the acquisition of Rembrand Timber by Cairngorm in June 2018, the Company became part of the National Timber Group.
Funding and financial position of the Company
A Company balance sheet as at 30 September 2025 (the most recent management accounts) is shown at Appendix 2. A summary of the Company’s financial performance for the period from 1 January 2022 onwards is shown below:
Administrators' statement of proposals (2026-01-21) · Companies House register