THL Realisations 2026 Limited (01819860): administration
- Status
- Administration ended
- Administration began
- 2023-10-26
- Administrators' firm
- Begbies Traynor
- Formerly
- Thessco Limited; Solpro Metals and Chemicals Limited
- Incorporated
- 1984-05-29
- Location
- Northampton
- Industry
- 24410 Precious metals production
Why it went into administration
- COVID-19
- Energy costs
- Funding withdrawn / unable to refinance
- Property / lease costs
- Rising interest rates
- Rising costs / inflation
- Cash flow / liquidity pressure
- Brexit
- Weather / natural events
From the administrators' statement
The Thessco Group was one of the world’s largest manufacturers of Silver Brazing Alloys, Metal Joining Products and Industrial Sitver Alloys.
The Company’s refining business was originally founded in 1760 by John Read, and in 1787 the business moved its activities to Royds Mills, Windsor Street, Sheffield, $4 7WB (the “Property”). In 1890, the name was changed to ‘The Sheffield Smeiting Company Ltd’ and in 1974 the business was purchased by Englehard Corporation (“Englehard”). Englehard was an American company headquartered in New Jersey which became one of the world’s largest refiners and fabricators of platinum, gold and silver.
In 1984 the business was sold to its current owners, Solpro Manufacturing Ltd ("Solpro") and the Company since continued to supply precious metals across the world. The Company was therefore incorporated in 1984 by Paul Tear, John Edwards and Malcolm Rathbone, who were appointed Company directors.
Administrators' statement of proposals (2023-12-12) · Companies House register