# Torotrak (Development) Limited (02118766)

> Why UK company 02118766 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/02118766

- **Status:** Administration ended
- **Administration began:** 2017-12-08
- **Administrators' firm:** Deloitte
- **Formerly:** Precis (600) Limited
- **Incorporated:** 1987-04-02
- **Location:** Coventry
- **Industry:** 28150 Manufacture of bearings, gears, gearing and driving elements

## From the administrators' statement

The Group took steps to wind down and close TDL’s trading operations on a solvent basis during 2017.

The Group’s residual operations were struggling to generate sufficient income (largely from existing licencing arrangements) to meet ongoing operating expenses, Cash reserves were therefore at risk of being diminished.

Therefore, the Group continued to engage Deloitte to advise on strategic options and advise on the potential disposal of FAL and TDL.

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/02118766/filing-history/MzE5Njc3MDQzMWFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/02118766

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