Microblade Limited (01199818): administration
- Status
- Administration ended
- Administration began
- 2024-01-19
- Administrators
- Robert Neil Dymond, Joanne Louise Hammond
- Administrators' firm
- Begbies Traynor
- Incorporated
- 1975-02-11
- Location
- Northampton
- Industry
- 25990 Manufacture of other fabricated metal products n.e.c.
Why it went into administration
- Rising costs / inflation
- Competition / price pressure
From the administrators' statement
The Company was incorporated on 11 February 1975 and was a long established, high quality, specialist blade manufacturer, serving the paper and wood sawing market worldwide. The products manufactured by the Company were largely craftsman made, with machine assistance, based on products brought in from Germany.
The Company was originally founded by Joseph Masters. Although directorship has changed over the years, the Company has remained a family run business with Joseph Master’s son, Jared Masters, being appointed director and secretary of the Company on 20 October 1997. Shortly after, Cash Masters, the brother of Jared Masters, was appointed as director on 1 April 2005. Jared Masters sold his shares in the Company and resigned as a director on 11 February 2020.
The Company traded from leased premises situated at 7 Sanderson Street, Sheffield, SQ 2UA, which was wholly owned by Microblade (Holdings) Limited (“Holdings”), a company connected by common directorship. The Company employed 40 members of staff, which consisted of office and clerical staff, production staff, engineers and management.
Administrators' statement of proposals (2024-02-28) · Companies House register