Norfolk Capacitors Limited (01988105): administration
- Status
- Administration ended
- Administration began
- 2012-08-31
- Administrators
- Richard James Philpott, Christopher Robert Pole
- Administrators' firm
- KPMG
- Formerly
- Swift 1711 Limited
- Incorporated
- 1986-02-11
- Location
- Leicester
- Industry
- 27900 Manufacture of other electrical equipment
Why it went into administration
- Cash flow / liquidity pressure
- HMRC / tax arrears
From the administrators' statement
Norfolk Capacitors Limited was incorporated in 1986 designing and manufactunng high quality capacitors for power electrontc applications
The business was based across two sites in Great Yarmouth and Gorleston with 106 employees
The Company had been historically profitable with a focus on smaller specialised contracts In 2011, the Company secured a larger contract with the potential of doubling turnover from circa £3 million to £6 million Consequently, the business was faced with a significant working capital increase, largely through investing heavily in stock to meet the demands of the new contract
Administrators' statement of proposals (2012-10-26) · Companies House register