Pexion Limited (02033029): administration
- Status
- Administration ended
- Administration began
- 2024-03-19
- Administrators
- Howard Smith, Richard John Harrison
- Administrators' firm
- Interpath Advisory
- Formerly
- Legibus 735 Limited
- Incorporated
- 1986-07-01
- Location
- Manchester
- Industry
- 70100 Activities of head offices
Why it went into administration
- Creditor pressure / legal action
From the administrators' statement
Pexion Limited (the ‘Company’) was incorporated on 1 July 1986 and was the Group parent company with 14 trading subsidiaries, operating in the engineering market and has exposure to the aerospace, automotive, medical and general industrial sectors.
Per Management accounts for the year ended 31 December 2023, the Group recorded turnover of £50 million and a net profit of £79,090.
The Company traded from a leasehold property, Unit 5 Westcroft Industrial Estate, Middleton (the ‘Property’).
Administrators' statement of proposals (2024-04-11) · Companies House register