James Thomas Engineering Limited (01414664): administration
- Status
- Administration ended
- Administration began
- 2014-07-11
- Administrators' firm
- Harrisons Business Recovery and Insolvency
- Incorporated
- 1979-02-13
- Location
- Reading
- Industry
- 27400 Manufacture of electric lighting equipment
Why it went into administration
- Cash flow / liquidity pressure
From the administrators' statement
The business started in 1977 and was incorporated in 1979, making aluminium lighting product shells for the entertainment lighting industry Aluminium truss manufacture was added to the product portfolio and slowly the Company grew to be a global market leader in this field
The Company moved from its premises in Pershore to the current premises at Navigation Complex, Worcester in 2000. The new location was a 57,000 sq. foot 1970's built factory Initially the Company occupied the entire site but when manufacturing requirements declined the Company subsequently sublet much of the floor space to other local companies.
A change In management took place in 2005 and we are informed that this resulted in a sharp decline tn sales, development and direction. The Company went from up to £5m gross sales, to less than half this by 2009.
Administrators' statement of proposals (2014-09-11) · Companies House register