Russell Ductile Castings Limited (00324456): administration
- Status
- Administration ended
- Administration began
- 2024-05-20
- Administrators
- Benjamin Neil Jones, Raj Mittal
- Administrators' firm
- FRP Advisory
- Formerly
- Russell Castings Limited; Platt Malleable Castings Limited
- Incorporated
- 1937-02-19
- Location
- Birmingham
- Industry
- 24510 Casting of iron
Why it went into administration
- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure
- Loss of a key customer, supplier or contract
- Rising costs / inflation
- Sustained trading losses
- Parent or group failure
From the administrators' statement
The Company was incorporated on 19 February 1937 and is directly a wholly owned subsidiary of PLC. The other trading entity within the Group, CHC, was also placed into administration on 20 May 2024.
The Group’s head office function operated from CHC’s premises at Walsall.
The Group structure chart is set out below:
Administrators' statement of proposals (2024-07-17) · Companies House register