Stylex Auto Products Limited (01378507): administration
- Status
- Administration ended
- Administration began
- 2020-06-12
- Administrators' firm
- FRP Advisory
- Incorporated
- 1978-07-13
- Location
- Manchester
- Industry
- 29320 Manufacture of other parts and accessories for motor vehicles
Why it went into administration
- Loss of a key customer, supplier or contract
- Cash flow / liquidity pressure
- COVID-19
- Competition / price pressure
- Weak consumer demand
- Sustained trading losses
- Brexit
From the administrators' statement
The Company was incorporated on 13 July 1978 and was a highly regarded specialist designer and manufacturer of seating and trim solutions for the automotive and leisure sectors.
The Company operated from two leasehold premises in Foxhills Industrial Estate, Scunthorpe, North Lincolnshire and on the date of appointment employed 81 members of staff.
Key customers included a number of major European automotive manufacturers both directly and indirectly via Tier-1 suppliers.
Administrators' statement of proposals (2020-08-20) · Companies House register