Petford Tools Limited (01021332): administration
- Status
- In administration
- Administration began
- 2024-12-12
- Administrators
- James Alexander Snowdon, Georgina Marie Eason
- Administrators' firm
- PwC
- Incorporated
- 1971-08-17
- Location
- London
- Industry
- 22290 Manufacture of other plastic products
Why it went into administration
- HMRC / tax arrears
From the administrators' statement
Creditors should note that, unless otherwise stated, this section of my proposals has been prepared based on information provided to me by the directors of the Company and not from my personal knowledge as Administrator.
The Company was incorporated on 17 August 1971, with its registered office at Peartree Lane, Dudley, West Midlands, DY2 OQU. It operated as a precision tool-making and engineering business, specialising in bespoke tool making and design, as well as providing machining and sub-contracted machining services. Its facilities were equipped for 24/7 operations and capable of handling large-scale projects. Trading took place from leasehold manufacturing facilities located at Units 1, 2 & 8 Lygon Buildings, Peartree Lane, Dudley DY2 OQU, held on a 10-year lease expiring in June 2030.
The Company became part of the Petford Group. It operated with two divisions: a tooling division (“Petford Tools”) and a moulds division (“Petford Moulds”). More recently, however, the Petford Group encountered challenging conditions and decided to close the moulds division in October 2023. This closure had a detrimental impact on the Company’s trade, as it no longer benefited from the synergies previously provided by its moulds division.
Administrators' statement of proposals (2025-02-07) · Companies House register