Jankel Armouring Limited (02096045): administration
- Status
- In administration
- Administration began
- 2024-02-27
- Administrators
- Mark Granville Firmin, Michael Thomas Denny
- Administrators' firm
- Alvarez & Marsal
- Formerly
- Jankel Manufacturing Limited; R.J.D. North America Limited; Sheerasset Limited
- Incorporated
- 1987-02-03
- Location
- Brighton
- Industry
- 84220 Defence activities
Why it went into administration
- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure
- COVID-19
- Supply chain disruption
- Loss of a key customer, supplier or contract
From the administrators' statement
The Company was incorporated on 3 February 1987 and operated as a manufacturer of protection systems for vehicles. The vehicles were primarily used in military, security and humanitarian operations across the globe.
The Company primarily operated from leasehold premises in Weybridge and Rustington. At the date of administration, the Company had 111 employees, who were based primarily between the two main locations, in Rustington and Weybridge. Shortly after our appointment, 100 employees were made redundant.
Funding and financial position of the Company The Company was funded by facilities provided by Barclays Bank Plc (“Barclays”) as follows:
Administrators' statement of proposals (2024-05-01) · Companies House register