Universal Engineering Limited (00633735): administration
- Status
- Administration ended
- Administration began
- 2015-08-18
- Administrators' firm
- Real Estate Advisory & Property Management
- Formerly
- Universal Engineering Company (Charlestown) Limited
- Incorporated
- 1959-07-29
- Location
- Bristol
- Industry
- 25620 Machining
Why it went into administration
- Funding withdrawn / unable to refinance
- Loss of a key customer, supplier or contract
- Competition / price pressure
From the administrators' statement
The Company was incorporated on 29 July 1959 in the name of Universal Engineering Company (Charlestown) Limited The Company’s main trading activity was the production of components for offshore o1l and gas, car, defence and aerospace industries The Company specialised :n fabrication and gained a reputation
in the defence sector for providing high-quality workmanship
In 2009 the Company was acquired by Bland Group Following the acquisition, the defence industry underwent a major spending 1eview and defence related work started to reduce In the past the Company had also undertaken some work in the subsea oil & gas sector and this seemed like a growing sector into which to expand
Administrators' statement of proposals (2015-10-10) · Companies House register