Kirkpatrick Limited (00071325): administration
- Status
- Administration ended
- Administration began
- 2020-04-16
- Incorporated
- 1901-09-09
- Location
- Birmingham
- Industry
- 25720 Manufacture of locks and hinges
Why it went into administration
- COVID-19
- Competition / price pressure
From the administrators' statement
Creditors should note that, unless otherwise stated, this section of my proposals has been prepared based on information. provided to me by the Directors of the Company and not from my personal knowledge as Administrator. ; . Kirkpatrick was founded by William Kirkpatrick in Walsall in 1855 and carried on for many years until the business was incorporated in 1901 at which time long-serving employees were given a shareholding in the business which is a tradition that continued to the present day.
The Company has a long tradition of producing handmade ironmongery utilising the.skills of a local workforce that has given the company its style, authenticity and quality reputation that it has today.
The Company employed 50 staff and had an annual turnover of circa £1.65m but has suffered a recent downturn in trading. The downturn has been attributed to a combination of a declining order book; increased overseas competition and a reduction in funding support. —
Administrators' statement of proposals (2020-06-17) · Companies House register