Oxton Engineering Company Limited (01426174): administration
- Status
- Administration ended
- Administration began
- 2024-03-19
- Administrators
- Howard Smith, Richard John Harrison
- Administrators' firm
- Interpath Advisory
- Formerly
- Tanhill Engineering Limited
- Incorporated
- 1979-06-06
- Location
- Manchester
- Industry
- 28490 Manufacture of other machine tools
Why it went into administration
- Creditor pressure / legal action
From the administrators' statement
Oxton Engineering Company Limited ('OEL' or 'the Company’) was incorporated on 6 June 1979 and acquired by Pexion in 2017.
OEL provides precision engineered components and clean room assembly, working with customers from prototype through to manufacture. OEL supplies into the Industrial, Scientific, Packaging and Aerospace sectors.
Per Management accounts for the year ended 31 December 2023, the Company recorded turnover of £4.1 million and a net profit of £91,455.
Administrators' statement of proposals (2024-04-11) · Companies House register