Meridian Metal Trading Limited (02052884): administration
- Status
- Administration ended
- Administration began
- 2019-04-02
- Administrators' firm
- Kroll
- Formerly
- Orion Shearing Limited; Haltonphase Limited
- Incorporated
- 1986-09-05
- Location
- Birmingham
- Industry
- 24100 Manufacture of basic iron and steel and of ferro-alloys
Why it went into administration
- Funding withdrawn / unable to refinance
- Sustained trading losses
- Cash flow / liquidity pressure
- Competition / price pressure
- HMRC / tax arrears
- Property / lease costs
- Credit insurance / supplier credit withdrawn
From the administrators' statement
The Company was founded in 1987 Operating as one of the leading independent steel stock holders and processors in the UK It specialised in supplying galvanised, hot ralled, cold reduced, electro zinc and aluminised slit coil sheets and sheared blanks in both drawing and high strength grades
The Company has operated from its Headquarters in Dudley in the West Midlands since 1991 and has processing centres in Guildford and Sheffield which offer cut to length slit coil and blanks in a range of grades and service conditions
The Company had two satellite sales offices in Bolton, Greater Manchester and Newport, Wales As at the Appointment date the Company employed c 170 people across tts five locations
Administrators' statement of proposals (2019-06-13) · Companies House register