# G.T.B. Components Limited (01579425)

> Why UK company 01579425 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/01579425

- **Status:** Administration ended
- **Administration began:** 2025-07-23
- **Administrators' firm:** Mazars
- **Formerly:** Arcbale Limited
- **Incorporated:** 1981-08-12
- **Location:** London
- **Industry:** 96090 Other service activities n.e.c.

## Why it went into administration

- Cash flow / liquidity pressure
- Loss of a key customer, supplier or contract
- Sustained trading losses

## From the administrators' statement

In the following paragraphs, the Administrators provide their understanding of the events which preceded the appointment of Administrators, following their discussions with the directors and the information available on the public record.

The Company was incorporated on 12 August 1981 by the former Director, Mr Terence Corcoran, and trades in the production of sintered powder metal parts and heat treatment services.

The Company owns freehold premises at Innovation House, Fleet Lane, St Helens, WA9 2RJ (‘the Property’) which it acquired in late 1991. The premises comprise office buildings, a production factory, stores and staff parking over a combined 44,142 sq.ft. The Company has granted charges over the Property to both NatWest Bank Plc (‘NatWest’), registered at various periods and including a legal mortgage, and Close Invoice Finance Limited, registered in June 2016, alongside a charge granted to Close Brothers Limited as security trustee. The charges of Close Invoice Finance and Close Brothers Limited both relate to an invoice finance agreement the Company has in place and for the purposes of this report, unless otherwise

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/01579425/filing-history/MzQ3ODA5MzM4MmFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/01579425

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