# Meridian Metal Trading Limited (02052884)

> Why UK company 02052884 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/02052884

- **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- Funding withdrawn / unable to refinance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- Credit insurance / supplier credit withdrawn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

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/02052884/filing-history/MzIzNjgwMjE0NmFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/02052884

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