Romac Technical Services Limited (01307950): administration
- Status
- Administration ended
- Administration began
- 2011-09-29
- Administrators' firm
- Grant Thornton
- Formerly
- Romac Express Services Limited
- Incorporated
- 1977-04-12
- Location
- Central Milton Keynes
- Industry
- 6024
Why it went into administration
- HMRC / tax arrears
- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure
- Property / lease costs
- Sustained trading losses
- Competition / price pressure
From the administrators' statement
RTSL was incorporated on 12 April 1977 under the Company name Romac Express Services Limited. A summary of statutory information 1s attached at Appendix A.
The Company was an established business operating in the transport, logistics and technical installation sector from leasehold offices/warehouses in Milton Keynes and Heywood (Greater Manchester). It employed around 120 staff
The business specialised in handling large, heavy and high value equipment which requires specialist handling, installation or decommissioning Customers included rail networks, telecom providers, banks and financial services providers.
Administrators' statement of proposals (2011-10-26) · Companies House register