P. I. Castings Limited (00478116): administration
- Status
- Administration ended
- Administration began
- 2013-04-05
- Administrators' firm
- Kroll
- Formerly
- P.I.Castings (Altrincham) Limited
- Incorporated
- 1950-02-07
- Location
- Manchester
- Industry
- 25990 Manufacture of other fabricated metal products n.e.c.
Why it went into administration
- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure
- Creditor pressure / legal action
- Sustained trading losses
- Credit insurance / supplier credit withdrawn
- Parent or group failure
From the administrators' statement
Statutory information on the Company and a summary of its financial history 1s included at Appendix 1
The Company was incorporated in 1950 and specialised in the manufacture of aluminium and steel castings, supplied to an international customer base, with 60% used in civil and military applications in the aerospace industry, 20% supplied to the oil and gas sector and 20% in the general engineering sector
The Company operated from leasehold premises at Davenport Lane, Altrincham, Cheshire,
Administrators' statement of proposals (2013-05-14) · Companies House register