Thornhill Heat Exchangers Limited (02370591): administration
- Status
- Administration ended
- Administration began
- 2018-07-27
- Administrators
- Toby Scott Underwood, Peter David Dickens
- Administrators' firm
- PwC
- Formerly
- Thornhill Service (UK) Limited; Thornhill Gasket Company Limited; Specialist Rubber Services Limited
- Incorporated
- 1989-04-11
- Location
- Leeds
- Industry
- 22190 Manufacture of other rubber products
Why it went into administration
- Cash flow / liquidity pressure
- Funding withdrawn / unable to refinance
- HMRC / tax arrears
- Creditor pressure / legal action
From the administrators' statement
Thornhill was incorporated in i989 and designed, serviced and manufactured the component parts of plate heat exchangers. Plate heat exchangers are used to remove heat from a number of engineering processes and therefore have a wide variety of uses across a number of industries including steel, rail, nuclear, offshore and power.
In June 2015 Thornhill acquired UHT, based at Atherstone (Warwickshire) to service and manufacture heat exchangers for the Industrial and Rail sectors.
Thornhill operated four divisions across three sites, in Grimethorpe (Yorkshire), Atherstone and Blaydon (County Durham) with each site having a certain speciality.
Administrators' statement of proposals (2019-03-05) · Companies House register