Lawday Engineering Limited (01220520): administration
- Status
- Administration ended
- Administration began
- 2020-03-23
- Administrators' firm
- Begbies Traynor
- Formerly
- Lawday Designs Limited
- Incorporated
- 1975-07-24
- Location
- Leicester
- Industry
- 25730 Manufacture of tools
Why it went into administration
- Cash flow / liquidity pressure
- Loss of a key customer, supplier or contract
- Brexit
- HMRC / tax arrears
From the administrators' statement
The following background information is provided to assist creditors who may have a limited knowledge of the Company and is based upon information provided by the directors of the Company and has not been verified by the joint administrators.
The Company was started by Alan Hobday and William Lawley in 1969 as Lawday Designs and traded from offices at Carters Green in West Bromwich. Both were draughtsmen working together and decided to set up their own Company. After approximately 3 years William Lawley decided he did not want to continue the business and left so Alan Hobday continued on his own.
in 1975 the business was incorporated as Lawday Designs Limited and subsequently changed its name to Lawday Engineering Limited on 22 April 1983. Originally Mr Alan Hobday and Ms Valerie Hobday as Directors and D M Hill and D E Denley as shareholders each holding 1 share each. Prior to 1991 Valerie Hobday resigned as a Director and Mr Graham Hughes and Mrs Marilyn Hobday were appointed as Directors and the shareholding changed to 900 Ordinary Shares held by Mr Alan Hobday with 50 ordinary shares each held by Mr Graham Hughes and Mrs Marilyn Hobday. Mr Nigel Zambra was appointed as a director on the 10 April 1999. Following the death of Mr Alan Hobday his 900 Ordinary Shares were transferred to Mrs Marilyn Hobday and the shareholding is detailed above. Mr Graham Hughes resigned as Director on 31 March 2019 but still retains his 50 Ordinary Shares.
Administrators' statement of proposals (2020-05-01) · Companies House register