Dedicated Microcomputers Limited (01630882): administration
- Status
- Administration ended
- Administration began
- 2020-10-27
- Administrators
- Anthony Collier, Ben Woolrych
- Administrators' firm
- FRP Advisory
- Formerly
- Dedicated Microcomputers Group Limited; Dedicated Microcomputers Limited; Stoppes Limited
- Incorporated
- 1982-04-23
- Location
- Booth Street
- Industry
- 27900 Manufacture of other electrical equipment
Why it went into administration
- Sustained trading losses
- Cash flow / liquidity pressure
- Pension deficit
From the administrators' statement
Incorporated in 1982, the Company traded as part of the AD Group, headquartered in Daresbury, Cheshire, manufacturing, installing and servicing bespoke CCTV systems worldwide.
The Company had traded at a loss for a significant number of years as turnover fell from a peak of £84m in 2004 to £10m in 2015, with the reduction in the Company’s cost base lagging behind tts declining revenue.
The Company's financial position was further impacted by a significant defined benefit pension scheme deficit of approximately £1.35m which sits in a dormant substdiary, Dennard Limited. The Company has been contributing to the deficit reduction with payments of approximately £300k per annum, In addition to the annual Pension Protection Fund levy of £70k for the previous 11 years
Administrators' statement of proposals (2016-06-23) · Companies House register