Cannop Foundry (1981) Limited (01531954): administration
- Status
- Administration ended
- Administration began
- 2017-09-18
- Administrators
- Conrad Alan Beighton, Paul David Masters
- Administrators' firm
- Leonard Curtis
- Formerly
- Goodbell Limited
- Incorporated
- 1980-12-03
- Location
- Birmingham
- Industry
- 25500 Forging, pressing, stamping and roll-forming of metal; powder metallurgy
Why it went into administration
- Cash flow / liquidity pressure
- Sustained trading losses
From the administrators' statement
The Company was incorporated on 3 December 1980 and commenced to trade shortly thereafter, with its principle activity that of an aluminium foundry.
The Company traded from leasehold premises at Crabtree Road, Forest Value Industrial Estate, Cinderford GL14
The Company lost a large customer contract in 2016, which resulted in a reduction in turnover of around £120,000 per month. The director struggled to replace this work over the year prior to administration and concluded that it was unachievable in a sufficiently short timescale.
Administrators' statement of proposals (2017-11-03) · Companies House register