Wade Ceramics Ltd. (00156368): administration
- Status
- Administration ended
- Administration began
- 2022-12-02
- Administrators
- Kerry Bailey, James Bernard Stephen
- Administrators' firm
- BDO
- Formerly
- George Wade & Son,Limited
- Incorporated
- 1919-06-24
- Location
- Liverpool
- Industry
- 32990 Other manufacturing n.e.c.
Why it went into administration
- Loss of a key customer, supplier or contract
- Cash flow / liquidity pressure
- Sustained trading losses
- Rising costs / inflation
- Creditor pressure / legal action
- Competition / price pressure
From the administrators' statement
The Company was incorporated on 24 June 1919 and its principal activity, prior to the Administration, was the manufacture of ceramic products to various industries globally.
The Company has two leasehold manufacturing facilities in Stoke-on-Trent (Paragon Road and Bessemer Drive). The majority of the manufacturing was produced at the Bessemer Drive site which employed 94 staff and mainly produced ceramic bottles for customers in the alcohol industry.
The Paragon Road site employed 33 staff and produced gluggle jugs and other giftware products for retail customers and direct to consumer.
Administrators' statement of proposals (2023-02-02) · Companies House register