Progress Plant (Yorkshire) Limited (01646889): administration
- Status
- Administration ended
- Administration began
- 2014-09-24
- Administrators
- David James Costley-Wood, Howard Smith
- Administrators' firm
- KPMG
- Incorporated
- 1982-06-28
- Location
- Leeds
- Industry
- 33120 Repair of machinery
Why it went into administration
- Cash flow / liquidity pressure
- Creditor pressure / legal action
- Sustained trading losses
- Competition / price pressure
From the administrators' statement
The Company was incorporated on 28 June 1982 and commenced trading shortly after The Company supplied and serviced generators as well as offering UPS solutions Until our appointment the Company was an authorised dealer of FG Wilson generators supplied by Caterpillar
On the appointment of the Joint Administrators the Company employed 65 members of staff The Joint Administrators retained 36 employees in order to facilitate trading of the servicing, repairs and UPS division of the Company whilst a buyer was sought for the business The rematning 29 employees were made redundant
The Company’s head office was located at Unit 1, Treefield Industrial Estate, Gildersome, Leeds LS27 7JU The Company also traded from sites in Falkirk, Middlesbrough, Biggleswade, London and Bridgend
Administrators' statement of proposals (2014-11-25) · Companies House register