Lipco Engineering (Northern) Limited (00381887): administration
- Status
- Administration ended
- Administration began
- 2015-11-18
- Administrators' firm
- Leonard Curtis
- Formerly
- Autoy Limited
- Incorporated
- 1943-07-24
- Location
- London
- Industry
- 25620 Machining
Why it went into administration
- Cash flow / liquidity pressure
- Property / lease costs
- Sustained trading losses
- Competition / price pressure
From the administrators' statement
The Company was incorporated on 24 July 1943 as Autoy Limited and commenced to trade shortly thereafter The Company was acquired by LHCL in 2012 and changed tts name to Lipco Engineering (Northern) Limited on 15 May 2012
The Company latterly traded from leasehold premises at Summit House, Bannister Works, Higher Walton, Preston PR5 4DZ from which it operated under a 15 year lease ending 30 April 2024 The annual rent was £80,000
The principal trading activity was the design and production of precision components to numerous sectors including automotive and oil and gas
Administrators' statement of proposals (2016-01-14) · Companies House register