DRC Design and Manufacture Limited (01774385): administration
- Status
- Administration ended
- Administration began
- 2016-05-03
- Administrators
- Sarah Helen Bell, Steven Muncaster
- Administrators' firm
- Kroll
- Formerly
- Double R Controls Limited
- Incorporated
- 1983-12-01
- Location
- Manchester
- Industry
- 27900 Manufacture of other electrical equipment
Why it went into administration
- Cash flow / liquidity pressure
- Competition / price pressure
- Management failings / irregularities
From the administrators' statement
Statutory information on the Company and a copy of the last two sets of financial accounts filed at Companies House are attached at Appendix 1
The Company's principal trading activity was the manufacture of machinery for a variety of customers in the UK and Worldwide |
The Company operates from trading premises located at Unit A, Birch Business Park, Whittle Lane, Heywood, Lancashire OL10 2SX The premises are owned by the Company and were purchased via an Sale and Buy Back Agreement in September 2012 for the sum of £900,000 The property and the terms of the purchase are discussed later in the report
Administrators' statement of proposals (2016-07-21) · Companies House register