# Trackline (International) Limited (01954218)

> Why UK company 01954218 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/01954218

- **Status:** Administration ended
- **Administration began:** 2012-02-07
- **Formerly:** Pagent (Bourne) Limited; Speyfair Limited
- **Incorporated:** 1985-11-04
- **Location:** Manchester
- **Industry:** 2875

## Why it went into administration

- Weak consumer demand
- Funding withdrawn / unable to refinance

## 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.

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/01954218/filing-history/MzA1NDk3NDgxMGFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/01954218

Contains public sector information from Companies House, licensed under the Open Government Licence v3.0.