00861780 Limited (00861780): administration
- Status
- Administration ended
- Administration began
- 2013-07-16
- Incorporated
- 1965-10-19
- Location
- Aldridge
- Industry
- 25990 Manufacture of other fabricated metal products n.e.c.
Why it went into administration
- HMRC / tax arrears
From the administrators' statement
Hydrafit was formed in 1965 as a result of an idea by the present Managing Director’s late Uncle’s Nationa! Service in the RAF and a short employment within the Hydraulics trade as a Sales Engineer At this time ‘Hydraulics’ was a new and growth Industry and this opportunity was recognised Hence, the Company was started by the late Uncle and Durector’s Father from rented premises, for the first few years and within this me a strong customer base was established At this point the directors at the time decided to purchase the Company’s present leasehold premises in Walsall Street, Wolverhampton and the third of the three brothers joined the Company and took responsibility for the financial aspects, leaving the other two to look after the Engineering side of the business Shortly afterwards depots were opened in Coventry, Sheffield and Linwood near Glasgow The business continued to grow and the manufacturing site in Colliery Road, Wolverhampton was established It 1s understood that during the 1990's the Company employed in excess of 100 people and turnovei exceeded £3 million However, shortly after this high point trade began to be threatened with cheap and at that time poor quality …
A summary of the Company’s recent trading performance 1s shown below
Draft Management Financial Financial Accounts Statements Statements 7 Monthsto Year Ended Year Ended 31/5/13 31/10/12 31/10/11
Administrators' statement of proposals (2013-08-28) · Companies House register