# Capricorn Automotive Limited (02685331)

> Why UK company 02685331 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/02685331

- **Status:** In administration
- **Administration began:** 2026-05-29
- **Administrators:** Lisa Marie Moxon, Christopher Benjamin Barrett
- **Administrators' firm:** of Dow Schofield Watts Business Recovery
- **Formerly:** Perfect Bore Limited; Sterling Hole Master Limited
- **Incorporated:** 1992-02-07
- **Location:** Warrington
- **Industry:** 25620 Machining

## Why it went into administration

- HMRC / tax arrears
- COVID-19
- Loss of a key customer, supplier or contract
- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure
- Creditor pressure / legal action
- Sustained trading losses

## From the administrators' statement

The Company was incorporated on 7 February 1992 as a specialist design and subcontract manufacturer of high precision components for the automotive and aerospace markets. The business specialised in the manufacturing of all types of aluminium, stee! and cast-iron turnings, offering a full turnkey solution for low/high volume CNC machined components and a one stop shop for aluminium castings and machining.

in the last five years, the business has overcome many challenges including the Covid-19 pandemic which significantly impacted the Company’s turnover when motorsport was suspended. The Company sought to overcome the difficulties by refinancing, obtaining further investment and restructuring the business resulting in several staff being made redundant.

In 2024, a key customer cancelled without notice to begin in-house manufacturing. This reduced the Company’s turnover by approximately £100,000 per month.

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/02685331/filing-history/MzUzNTk3Nzc2MWFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/02685331

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