Incanite Foundries Limited (00167997): administration
- Status
- Administration ended
- Administration began
- 2014-01-23
- Administrators' firm
- Baker Tilly Restructuring and Recovery
- Formerly
- Wellman Incanite Foundries Limited
- Incorporated
- 1920-06-04
- Location
- Birmingham
- Industry
- 24510 Casting of iron
Why it went into administration
- Creditor pressure / legal action
- Property / lease costs
- Energy costs
- Cash flow / liquidity pressure
- Loss of a key customer, supplier or contract
- Competition / price pressure
From the administrators' statement
Relevant extracts from the Company's financial statements and management accounts are summarised below
Year Ended 31/08/2011 31/08/2012 31/08/2013
Unaudited Unaudited Management £000 £000 £000
Administrators' statement of proposals (2014-03-20) · Companies House register