Precision Engineering Pieces Limited (01491299): administration
- Status
- Administration ended
- Administration began
- 2024-03-19
- Administrators
- Howard Smith, Richard John Harrison
- Administrators' firm
- Interpath Advisory
- Incorporated
- 1980-04-16
- Location
- Manchester
- Industry
- 25990 Manufacture of other fabricated metal products n.e.c.
Why it went into administration
- Creditor pressure / legal action
From the administrators' statement
The Company was incorporated on 16 April 1980 and acquired by Pexion in 2017. PEP is one of three fabrication subsidiaries in the Group, along with PPL and REL. There was a large amount of intercompany trading between these subsidiaries.
Per Management accounts for the year ended 31 December 2023, the Company recorded turnover of £3.2 million and an operating profit of £0.3 million.
The Company traded from a leasehold property at Unit 5A, 5B and 5C Ashchurch Industrial Estate, Tewkesbury, GL20 8NB (the ‘Property’).
Administrators' statement of proposals (2024-04-11) · Companies House register