Covrad Heat Transfer Limited (00714170): administration
- Status
- Administration ended
- Administration began
- 2021-01-06
- Administrators' firm
- FRP Advisory
- Formerly
- Armstrong Light Engineering Limited; Armstrong Engineering Limited
- Incorporated
- 1962-02-01
- Location
- Birmingham
- Industry
- 28110 Manufacture of engines and turbines, except aircraft, vehicle and cycle engines
Why it went into administration
- Loss of a key customer, supplier or contract
- Sustained trading losses
- COVID-19
- Funding withdrawn / unable to refinance
- Pension deficit
From the administrators' statement
The Company was incorporated on 1 February 1962 and is a UK-based manufacturer of bespoke heat transfer equipment serving OEMs and system integrators in the power generation, rail traction, marine and oil & gas sectors.
The Company traded from premises at Sir Henry Parkes Road, Canley, Coventry, CV5 6BN (“the Property”). The Property is owned by another Group company, Thermasys UK. It is understood that no formal lease arrangement was in place between Thermasys UK and the Company.
Prior to my appointment, the Company's head office and registered office was also located at the Property.
Administrators' statement of proposals (2021-03-02) · Companies House register