Electrolytic Plating Company Limited(The) (00306348): administration
- Status
- In administration
- Administration began
- 2024-09-05
- Administrators
- Kerry Bailey, Lee Causer
- Administrators' firm
- BDO
- Incorporated
- 1935-10-24
- Location
- Liverpool
- Industry
- 25990 Manufacture of other fabricated metal products n.e.c.
Why it went into administration
- HMRC / tax arrears
- Cash flow / liquidity pressure
- Creditor pressure / legal action
- Rising costs / inflation
- Funding withdrawn / unable to refinance
- Sustained trading losses
- Competition / price pressure
From the administrators' statement
The Company was incorporated on 24 October 1935 and specialises in high performance surface coatings, metal finishing and thread locking. The Company operates across three distinct divisions, Electroplating, Thread Locking and Dipspin and supplies to sectors including OEM, construction, automotive and renewable energy.
The Company is owned by Susan Toon (59.78%), Andrew Toon (35.22%) and Nicola Toon (5.00%), who are also directors of the Company. The day-to-day operations of the Company are solely managed by Andrew Toon and the Company employs 52 staff.
The Company’s main trading premises is located at 133 Wednesbury Road, Walsall, WS1 4JJ. It also trades from a leasehold site located at Wharf Approach, Walsall, WS9 8BX, where it operates its Thread Locking division.
Administrators' statement of proposals (2024-09-20) · Companies House register