# Lipco Engineering (Northern) Limited (00381887)

> Why UK company 00381887 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/00381887

- **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

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/00381887/filing-history/MzEzOTc1NjI1N2FkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/00381887

Contains public sector information from Companies House, licensed under the Open Government Licence v3.0.