Atkinson-Walker (Saws) Limited (00229203): administration
- Status
- Administration ended
- Administration began
- 2018-02-02
- Administrators
- Sean Williams, Richard Pinder
- Administrators' firm
- Leonard Curtis
- Incorporated
- 1928-03-28
- Location
- Manchester
- Industry
- 25730 Manufacture of tools
Why it went into administration
- HMRC / tax arrears
- Cash flow / liquidity pressure
- Creditor pressure / legal action
- Sustained trading losses
- Management failings / irregularities
- Credit insurance / supplier credit withdrawn
From the administrators' statement
41 The Company was incorporated in March 1928 and commenced trading shortly following its inception. Latterly the Company traded from leasehold premises at 1 Cotton Mill, Sheffield, S3 8RU.
42 The Company manufactured industrial saw blades, performed customer own-branding, and undertook reconditioning services, as well as the sale of associated products. The Company served the wood, metal, aluminium and plastic industries.
43 Over the last few years the Company has experienced cash flow issues. In June 2014, a sale of the business took place and Christopher Sellers, Mark Stanley, Nicholas Alexander and Terence Lee were appointed as directors. Consideration for the sale was £100,000.
Administrators' statement of proposals (2018-03-06) · Companies House register