From the administrators' statement

The Company was established in 1985 and manufactured track groups for a range of heavy duty machinery which it sold to customers in mining and associated industries.

The business had suffered substantial losses in recent years as a result of the recession and reduced demand for its products. The Company’s main investor Primary Capital Limited (Primary) had supported the business throughout this period.

In late 2011, a lack of customer orders and issues with working capital meant that the Company required a significant further investment to allow the business to trade normally, meet customer orders on time and reduce pressure from suppliers.

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Trackline (International) Limited (01954218)

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