Phoenix Tooling Limited (00910030): administration
- Status
- Administration ended
- Administration began
- 2019-11-01
- Incorporated
- 1967-07-05
- Location
- South Kensington
- Industry
- 25620 Machining
Why it went into administration
- Funding withdrawn / unable to refinance
From the administrators' statement
The Company was incorporated in 1967 and traded successfully in the precision engineering market for a number of years, moving to its current factory in 1985.
in 1992 the Company was accredited 1SO9001.2000 and in 2009 achieved 1SO9001.2008. It had a number of blue-chip aeronautical pic customers including BAE Systems, Lockheed Martin, and Qioptiq, with capabilities ranging from protype manufacturing to batch production of precision components on CNC machining centres with a maximum size of 4,200mm and to a precision of 5 microns.
In 2015 the then owners of the business decided to retire and in May 2016 accepted an offer from a Turkish company in the same commercial sphere to acquire the Company as a going concern. The rationale for this acquisition was to exploit synergies between the two businesses for the new owners to gain access to the UK and the Company's customers.
Administrators' statement of proposals (2020-01-08) · Companies House register