Cermatco Ltd (02534348): administration
- Status
- Administration ended
- Administration began
- 2015-04-09
- Administrators
- William James Wright, Mark Jeremy Orton
- Administrators' firm
- KPMG
- Formerly
- Product Genesis Ltd.; Ocean Union Limited
- Incorporated
- 1990-08-24
- Location
- Birmingham
- Industry
- 23440 Manufacture of other technical ceramic products
Why it went into administration
- Cash flow / liquidity pressure
- Competition / price pressure
From the administrators' statement
The Company was incorporated in 1990 and tts principal activity was the development and manufacture of advanced ceramic raw materials There were 22 employees at the Company as at the date of appointment
The Company operates from Granimar House in Aylesham, Kent, a leasehold premises owned by the Company’s parent, Granimar Property Limited Creditors should note that Granimar Property Limited entered administration on 24 April 2015 with Will Wright and Mark Orton also being appointed as Joint Administrators
Approximately 60% of the Companies sales were into the dental market, 30% into the precision casting and refractory market whilst the remaining 10% were supplied directly to the aerospace sector
Administrators' statement of proposals (2015-06-09) · Companies House register