# Feltonquest Turned Parts Limited (01424623)

> Why UK company 01424623 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/01424623

- **Status:** Administration ended
- **Administration began:** 2019-10-16
- **Administrators:** Peter John Windatt, Thomas Edward Guthrie
- **Administrators' firm:** Moore Kingston Smith & Partners
- **Formerly:** D.B. Turned Parts Limited
- **Incorporated:** 1979-06-01
- **Location:** Northampton
- **Industry:** 25940 Manufacture of fasteners and screw machine products

## Why it went into administration

- Creditor pressure / legal action

## From the administrators' statement

The Company was incorporated on 1 June 1979 by Tony Abbott to manufacture Rivet Bushes and steel turned parts. The Company grew substantially over the years and were able to offer additional products and to a much larger customer base. Unfortunately in 2009, Tony passed away and the current directors were appointed to continue the Company.

Cash flow was originally supported by prior years of retained profit. However, the landlord at the Company’s previous premises in Luton refused to renew the Company’s lease they had had since 1979 and gave short notice to vacate the premises by Christmas 2014.

The landlord then produced a bill for dilapidations to the Company for £15,000. This severely affected the cash flow and made the Company overdrawn with the bank. On top of this, work was stopped for a number of weeks while the directors searched for a new premises meaning new orders couldn’t be started.

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/01424623/filing-history/MzI1MjExMTMwMGFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/01424623

Contains public sector information from Companies House, licensed under the Open Government Licence v3.0.