# Shipham Valves Limited (02532854)

> Why UK company 02532854 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/02532854

- **Status:** In administration
- **Administration began:** 2023-12-14
- **Administrators:** Patrick Alexander Lannagan, Conrad Alexander Pearson
- **Administrators' firm:** Mazars
- **Formerly:** Wartsila Valves Limited; Hamworthy Valves Limited; Flow Group Limited; Flow Industries Limited; Tatem Limited; Tatem Industries Limited; M.B.H.14 Limited
- **Incorporated:** 1990-08-20
- **Location:** London
- **Industry:** 28140 Manufacture of taps and valves

## Why it went into administration

- COVID-19
- Sustained trading losses
- Competition / price pressure
- Rising costs / inflation
- Funding withdrawn / unable to refinance
- Weather / natural events

## From the administrators' statement

The Company has a heritage spanning over 225 years, with origins in the shipping industry dating back to 1798. The business started life as a brass foundry supplying products such as brass valves, bells, gauges and whistles to the local fishing and commercial shipping fleet based around the river Humber.

The business continued to evolve and during the 1930’s the British Ministry of Defence invited the business to manufacture high-quality gunmetal and bronze valves for use in naval vessels.

The current legal entity was incorporated in 1990. The Company worked within a variety of industries, predominantly global onshore and offshore oil and gas, petrochemical, power generation, marine, naval marine, fire protection and pipeline applications.

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/02532854/filing-history/MzQwNzI4Njk3N2FkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/02532854

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