Nicol & Andrew Limited (02307060): administration
- Status
- Administration ended
- Administration began
- 2025-06-13
- Formerly
- Nicol & Andrew PLC; Mayday International Engineering Services PLC; Kestorline Assets PLC
- Incorporated
- 1988-10-19
- Location
- London
- Industry
- 33120 Repair of machinery
Why it went into administration
- HMRC / tax arrears
- Creditor pressure / legal action
- Sustained trading losses
- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure
- Parent or group failure
- Regulatory change or action
From the administrators' statement
The Company was incorporated in 1988 to carry out on-site machining and repairs on marine propulsion units. The Company is a leading provider of on-site machining, laser alignment and specialist repair services, including worldwide repairs in the industry sector including engines, crank shafts, tail shafts, propeller shafts and other essential marine equipment. The Company has two operational divisions — “on-site machining’ based in High Wycombe and “Hydraulics” based in Scotland.
The Company had historically been profitable, but sales declined after the Leviathan Engineering Group acquired the Company, Hempstead & Johnson Limited, Nicol & Andrew (MSPE) Limited (together the Trading Entities) on 6 June 2023 from Duncan Graham through Leviathan Newco 3 Limited (LN3) and Nicol & Andrew Holdings Limited (NAH). They then joined the Leviathan Engineering Group (the Group).
The Group structure after the purchase on 6 June 2023 is shown below:
Administrators' statement of proposals (2025-06-23) · Companies House register