Synergy Fabrication Limited (SC488880): administration
- Status
- Administration ended
- Administration began
- 2016-02-04
- Administrators
- Richard Gardiner
- Administrators' firm
- CG&Co
- Incorporated
- 2014-10-14
- Location
- Dunfermline
- Industry
- 25110 Manufacture of metal structures and parts of structures
Why it went into administration
- Creditor pressure / legal action
From the administrators' statement
The company commenced trading in Decernber 2014 from leased premises in Cuparmuir following initial investments from shareholders and directors.
The directors and employees had a wealth of experience in fabrication and the initial business plan was based on providing a fabrication service for the oil & gas, petrochemical and general industrial sectors, with a projected turnover of between £1.2m and £1.4m.
Initially orders were slow, primarily due to the recognised collapse of the oil & gas market, however progress was made with a number of known and new clients. in March 2015, the company won a major contract for the fabrication, supply and installation of pipework and steelwork. In addition to this work, the company started regularly winning additional projects from former clients, particularly after gaining ISO9001 and OHSAS18001 approvals in August 2015.
Administrators' statement of proposals (2016-04-04) · Companies House register