AJ Way Limited (02088914): administration
- Status
- Administration ended
- Administration began
- 2018-11-14
- Administrators
- Gilbert J Lemon, Andrew Stephen Mcgill
- Administrators' firm
- Evelyn Partners
- Formerly
- A.J. Way & Co. Limited; Rapid 2507 Limited
- Incorporated
- 1987-01-13
- Location
- Birmingham
- Industry
- 31090 Manufacture of other furniture
Why it went into administration
- Cash flow / liquidity pressure
- Sustained trading losses
From the administrators' statement
Founded by Albert Jack Way in 1981 in High Wycombe, the business transformed over the years to focus on manufacturing high quality riser recliner chairs for the growing elderly and disabled population.
The Company operated from leasehold premises known as “Unit 1” and “Unit 2”, Sunters End, Hillbottom Road, Sands Industrial Estate, High Wycombe, HP12 4HS.
Following an acquisition by Kirton Healthcare Group in July 2010, the business became a separate entity again in May 2017 when the holding company was acquired by Direct Healthcare Group (“DHG”), a customer of the Company.
Administrators' statement of proposals (2019-01-22) · Companies House register