Silkmead Tubular Limited (00868860): administration
- Status
- Administration ended
- Administration began
- 2014-01-31
- Administrators' firm
- FRP Advisory
- Incorporated
- 1966-01-13
- Location
- St Albans
- Industry
- 25990 Manufacture of other fabricated metal products n.e.c.
Why it went into administration
- Loss of a key customer, supplier or contract
From the administrators' statement
The company was incorporated in 1966 by Mr Alexandra Boba and operated in all stages of Tube Manipulation, producing components and assemblies in all metals for a wide range of industries including automotive, refrigeration and gas.
Following the death of Mr Alexandra Boba the Company was ran under the sole directorship of Mr Simon Boba and operated from freehold premises in Dunstable, comprising of office and factory space.
Turnover has declined steadily over the last few years as developments in alternative materials such as plastics replacing traditional metal components and the Company has not been able to operate profitably despite taking steps to reduce overheads to reduce costs.
Administrators' statement of proposals (2014-02-26) · Companies House register