L & D Precision Engineers Limited (00884281): administration
- Status
- Administration ended
- Administration began
- 2012-06-29
- Administrators' firm
- Begbies Traynor
- Incorporated
- 1966-07-27
- Location
- Leicester
- Industry
- 74909 Other professional, scientific and technical activities n.e.c.
Why it went into administration
- Cash flow / liquidity pressure
- Creditor pressure / legal action
From the administrators' statement
The Company's bankers, Barclays Bank Plc (Barclays) had been unable to make contact with the director, Tony Edgington, for six weeks pnor to our appointment It was established that he had also not been at work for the same period and the workforce had not had contact with him Jn Mr Edg:ngton’s absence from the business, It is apparent that it was in decline and this also resulted in approximately 15 of its 20 workforce resigning prior to our appointment
The Administrators have not been able to communicate with Mr Edgington to fully establish the recent history and circumstances leading up to the failure of the business Our limited information on the position ts as below -
L&D Precision Engineers Limited was incorporated in 1966 and was formerly based in Sherwood, Nottingham The directors relocated to Sutton in Ashfield into a purpose built factory in August 2007 and Tony Edgington (a former employee) purchased the business from tts former owner
Administrators' statement of proposals (2012-08-22) · Companies House register