Radshape Sheet Metal Limited (01248311): administration
- Status
- Administration ended
- Administration began
- 2023-09-29
- Administrators
- Kirsty Swan, David Craig Griffiths
- Administrators' firm
- Leonard Curtis
- Incorporated
- 1976-03-10
- Location
- Birmingham
- Industry
- 29320 Manufacture of other parts and accessories for motor vehicles
Why it went into administration
- COVID-19
- HMRC / tax arrears
- Loss of a key customer, supplier or contract
- Energy costs
- Supply chain disruption
- Cash flow / liquidity pressure
- Sustained trading losses
From the administrators' statement
The Company was incorporated in 1976 and specialised in the fabrication of various metal materials and sheet metals and traded from leasehold premises located in Aston, Birmingham B6 4PL. The business had a reputation for excellence with its customers, specialising in the aerospace and automotive industries.
The directors of the Company are lan Morrall, Stephen Morrall and Peter Jones (executive directors) and Michael Wiseman, Robert Morrall, and John Morrall (non-executive directors). The shareholders of the Company are lan Morrall, Stephen Morrall, Peter Jones, John Morrall, Robert Morrall, Elaine Simmons and Philip Thompson. The business operated using 31 full and part-time staff (including the executive directors) in its combined warehouse, factory and office space in Aston, Birmingham. The 28,000 sq. ft. premises are the subject to a long leasehold in favour of the Company with 51 years remaining.
The business had traded well for many years. However, given the industry in which the business operated, the Company was materially affected by the impact of the Covid-19 pandemic. More recently, following the Covid-19 pandemic and to assist with cashflow pressures, the Company financed various assets and secured investment from Michael Wiseman, who joined the Company as a non-executive director.
Administrators' statement of proposals (2023-10-31) · Companies House register