Paragon Precision Limited (02147813): administration
- Status
- Administration ended
- Administration began
- 2024-03-19
- Administrators
- Howard Smith, Richard John Harrison
- Administrators' firm
- Interpath Advisory
- Formerly
- Paragon Pressings Limited
- Incorporated
- 1987-07-16
- Location
- Manchester
- Industry
- 25500 Forging, pressing, stamping and roll-forming of metal; powder metallurgy
Why it went into administration
- Creditor pressure / legal action
From the administrators' statement
Paragon Precision Limited (the ‘Company’ or ‘PPL’) was incorporated on 16 July 1987 and supplied high quality sheet metal solutions from design through to manufacture, supplying into the leisure, industrial and oil and gas sectors,
Per Management accounts for the year ended 31 December 2023, the Company recorded turnover of approximately £2.4 million and a net profit of £64,592.
The Company traded from a leasehold property at Unit 2C, Harpings Road, Hull (the ‘Property’).
Administrators' statement of proposals (2024-04-11) · Companies House register