Metalrax Specialist Applications Limited (00376801): administration
- Status
- Administration ended
- Administration began
- 2013-04-02
- Administrators
- William James Wright, Mark Jeremy Orton
- Administrators' firm
- KPMG
- Formerly
- MRX Automotive Limited; Bacol Cylinders Limited; F.C.Lycett Limited
- Incorporated
- 1942-10-23
- Location
- Birmingham
- Industry
- 25990 Manufacture of other fabricated metal products n.e.c.
Why it went into administration
- Funding withdrawn / unable to refinance
- Sustained trading losses
- Pension deficit
- Parent or group failure
- Regulatory change or action
From the administrators' statement
The Company was a trading entity of the Metalrax Group and comprised of two trading business untts in the UK, Weston Body Hardware and Toolspec The Company was mecorporated in 1942 and its headquarters were in Alvechurch, Birmingham It traded from premises in Redditch (Weston Body Hardware) and Luton (Toolspec) The Company 1s a wholly owned subsidiary of Metalrax Group Plc whose shares were traded on the Alternative Investment Market
Weston Body Hardware was a global secunty and access control manufacturer with specialist design and engineering capabilities In the year ended 31 December 2012, the business reported £74 million turnover and £0 34 million operating profit (unaudited draft results)
Toolspec was a manufacturer of niche, critical vehicle components In the year ended 31 December 2012, the business reported £5 5 muilion turnover and £0 46 million operating profit (unaudited draft results)
Administrators' statement of proposals (2013-05-28) · Companies House register