Joss Engineering Limited (01673571): administration
- Status
- Administration ended
- Administration began
- 2019-05-17
- Administrators' firm
- Begbies Traynor
- Formerly
- Joss Limited
- Incorporated
- 1982-10-22
- Location
- Preston
- Industry
- 25990 Manufacture of other fabricated metal products n.e.c.
Why it went into administration
- HMRC / tax arrears
- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure
- Creditor pressure / legal action
From the administrators' statement
This information is reproduced from the Appendix to our initial notification to creditors.
The Company was incorporated in 1982 and operates as an engineering solutions provider from a leased site in Barrow, Cumbria. Russell Richards purchased the business in 2004 and is the sole director and shareholder of the Company.
The Company has traded profitably for a number of years and has obtained key accreditations and kitemark standards for engineering work in the defence industry, specifically marine and aircraft parts. Its primary customer account for 95% of orders and the Company is the sole supplier of some product items to this customer. The Company currently employs 20 staff which would result in significant claims in the event of its winding-up.
Administrators' statement of proposals (2019-07-18) · Companies House register