Calder Metal Spinning Company Limited (00429221): administration
- Status
- Administration ended
- Administration began
- 2023-10-11
- Administrators
- Sean Williams, Anthony Milnes
- Administrators' firm
- Leonard Curtis
- Incorporated
- 1947-02-07
- Location
- Leeds
- Industry
- 25990 Manufacture of other fabricated metal products n.e.c.
Why it went into administration
- HMRC / tax arrears
From the administrators' statement
Following the completion of the pre-packaged sale of the Company’s business and assets, the Joint Administrators sent a letter to creditors on 17 October 2023 to provide further information on the sale pursuant to the requirements of the Statement of Insolvency Practice (“SIP”) 16. A copy of the information provided is attached at Appendix M of this report.
The Joint Administrators would like to draw your attention to section 3.6 to 3.43 of the SIP16 report, which provides background information regarding the Company and events leading up to the Joint Administrators’ appointment.
As set out in the SIP16 report, the director was introduced to Leonard Curtis on 23 May 2023 by Elite Accountancy Services Limited (“Elite”) to provide advice on the Company’s position. On review of the position of the Company, insolvency options were considered by the director, potential funding options were considered and negotiating a time to pay with HM Revenue & Customs (“HMRC”) was considered. As set out in the SIP16 report these negotiations were successful but ultimately the Company could not adhere to the terms and the director re-approached Leonard Curtis to consider the options then available to him and the Company.
Administrators' statement of proposals (2023-12-06) · Companies House register