AP Realisations Limited (01852372): administration
- Status
- Administration ended
- Administration began
- 2013-12-19
- Administrators
- William James Wright, Mark Jeremy Orton
- Administrators' firm
- KPMG
- Formerly
- Arden Precision Limited; Cegford Limited
- Incorporated
- 1984-10-03
- Location
- Birmingham
- Industry
- 25620 Machining
Why it went into administration
- HMRC / tax arrears
- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure
- Creditor pressure / legal action
- Loss of a key customer, supplier or contract
From the administrators' statement
The origin of the Company's business dates back to 1980, with the Company being subsequently incorporated in 1984 The Company's principal activity is that of preciston engineering services on components used in the aerospace industry The Company operates from two adjacent leasehold units at Maidwell Orive, Solihull and is a Tier 1 and Tier 2 supplier to AEC (part of the Rolls-Royce Group), who were the Company's key customer, with over 90% of products ultimately being supphed to them
The Company, which has 38 employees as at the date of the appointment, 1s a standalone entity with no subsidiaries and ts wholly owned by one shareholder, Donald Ryan
2.2 Funding and financial position of the Company
Administrators' statement of proposals (2014-02-28) · Companies House register