Tachodisc Limited (02676818): administration
- Status
- Administration ended
- Administration began
- 2016-04-29
- Administrators' firm
- BDO
- Formerly
- Factorunion Limited
- Incorporated
- 1992-01-13
- Location
- Manchester
- Industry
- 30990 Manufacture of other transport equipment n.e.c.
Why it went into administration
- Sustained trading losses
- Pension deficit
- Regulatory change or action
From the administrators' statement
Broadstone Pensions Investments Limited (“Broadstone”) has been the DB Pension Scheme’s Actuary (acting for the Trustees) since 2012 In addition, Broadstone has provided advice to the Company in respect of financial reporting standard disclosures (FRS17) concerning the DB Pension Scheme. BDO owns a minority stake in Broadstone’s ultimate parent undertaking, Broadstone Group Executive Limited
In December 2012, following an introduction by Broadstone, BDO provided general advice concerning pension matters to the Company at a workshop. In respect of this service, BDO invoiced the Company the sum of £4,200 plus VAT. This invoice has been paid tn full.
In August 2015, an unconnected third party supplier approached the Company to acquire the shares of the business As part of the proposed acquisition, a proposal was made to settle the DB Pension Scheme deficit via a Regulated Apportionment Arrangement (“RAA”)
Administrators' statement of proposals (2016-05-18) · Companies House register