Pressmatic Limited (01902815): administration
- Status
- In administration
- Administration began
- 2026-07-10
- Administrators
- Paul Matthew Kings, Lynn Marshall
- Administrators' firm
- KRE Corporate Recovery
- Formerly
- Powpress Multimatics Limited
- Incorporated
- 1985-04-04
- Location
- Gateshead
- Industry
- 25990 Manufacture of other fabricated metal products n.e.c.
Why it went into administration
- Energy costs
- Loss of a key customer, supplier or contract
- Property / lease costs
From the administrators' statement
Creditors should note that, unless otherwise stated, this section of the proposals has been prepared based on information provided by the Board of Directors ("the Board") of the Company and not from our personal knowledge as Administrators.
The Company was incorporated in April 1985 and began trading shortly after. It was involved in the manufacture of pressed and fabricated products and most recently traded from premises in Blaydon. The Company began trading with two Directors as Powpress Multimatics Limited, changing its name in 1989 and taking on its current name and its current setup.
The Company had 5 employees and had orders from a small number of customers. The Company was profitable and has been ran by the current Director, who had significant knowledge of the industry, since incorporation.
Administrators' statement of proposals (2026-10-05) · Companies House register