ACL Realisations (Birmingham) Limited (00170369): administration
- Status
- Administration ended
- Administration began
- 2017-07-05
- Administrators
- Steven Martin Stokes, Raj Mittal
- Administrators' firm
- FRP Advisory
- Formerly
- Alexander Comley Limited
- Incorporated
- 1920-09-22
- Location
- Birmingham
- Industry
- 25990 Manufacture of other fabricated metal products n.e.c.
Why it went into administration
- HMRC / tax arrears
- Creditor pressure / legal action
- Sustained trading losses
- Weak consumer demand
- Funding withdrawn / unable to refinance
From the administrators' statement
The Company was incorporated in 1920 and has predominantly specialised in the manufacture of customised flanges, pipefittings and heat exchangers.
The Company primarily supplied products to the oil and gas, defence and marine, petrochemical, power generation, and process plant industries.
A management buyout was completed by the Directors in June 2009. The Company’s entire share capital was purchased for a consideration of £2m through a special investment vehicle, ASTM to form the Group.
Administrators' statement of proposals (2017-09-06) · Companies House register