# Noel Village (Steel Founder) Limited (01527500)

> Why UK company 01527500 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/01527500

- **Status:** Administration ended
- **Administration began:** 2016-12-15
- **Administrators:** Howard Smith, Jonathan Charles Marston
- **Administrators' firm:** KPMG
- **Incorporated:** 1980-11-11
- **Location:** Leeds
- **Industry:** 24520 Casting of steel

## Why it went into administration

- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure
- Weather / natural events
- Loss of a key customer, supplier or contract
- Sustained trading losses
- Competition / price pressure

## From the administrators' statement

The Company was incorporated on 11 November 1980 to undertake the melting and casting of various non-ferrous metals, predominantly for valves used in the oil and gas sectors, but also servicing the nuclear and renewable energy sectors

The fall in the oil price in 2014 and 2015 resulted in the Company’s main customers reducing capital expenditure, which resulted in a fall in the Company's turnover and working capital pressure

The Company operated from two leasehold sites based in Doncaster and employed 38 members of staff at the date of our appointment

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/01527500/filing-history/MzE2OTI2OTIyOWFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/01527500

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