Redcliffe Precision Limited (01348375): administration
- Status
- Administration ended
- Administration began
- 2021-01-25
- Administrators
- Andrew Martin Sheridan, Jonathan Dunn
- Administrators' firm
- FRP Advisory
- Incorporated
- 1978-01-17
- Location
- 1 Queen Street
- Industry
- 25620 Machining
Why it went into administration
- COVID-19
- Sustained trading losses
- Funding withdrawn / unable to refinance
- Competition / price pressure
From the administrators' statement
AVPE Investment Limited (“AVPEI’) is the holding company for a group of three (wholly owned) trading subsidiaries, Avon Valley Precision Engineering Limited (‘AVPE”), Redcliffe Precision Limited (the “Company” or “RPL”) and AVPE Durham Limited (“AVPED”) (together, the “Group”).
Details of the Company’s directors and shareholders are included in Appendix A of our formal proposals.
The Group operates precision engineering businesses as summarised below.
Administrators' statement of proposals (2021-02-10) · Companies House register