SAL Abrasive Technologies Group Limited (00939860): administration
- Status
- Administration ended
- Administration began
- 2016-11-04
- Administrators
- Paul Andrew Flint, David James Costley-Wood
- Administrators' firm
- KPMG
- Formerly
- Suraflex Abrasives Limited
- Incorporated
- 1968-10-02
- Location
- Manchester
- Industry
- 47990 Other retail sale not in stores, stalls or markets
Why it went into administration
- Funding withdrawn / unable to refinance
- Sustained trading losses
- Management failings / irregularities
- Competition / price pressure
From the administrators' statement
SAL Abrasive Technologies Group Limited was incorporated on 2 October 1968 and traded from leasehold premises in Chorley, Lancashire and Newcastle-upon-Tyne, Northumberland
The Company was an owner-managed manufacturer and distributor of abrasives products and machinery, and a provider of technical advice The Company employed 20 members of staff at the date of our appointment
2.2. Funding and financial position of the Company
Administrators' statement of proposals (2016-12-06) · Companies House register