Controlled Speed Limited (02711409): administration
- Status
- Administration ended
- Administration began
- 2011-11-16
- Administrators
- David Thornhill, Geoffrey Paul Rowley
- Administrators' firm
- FRP Advisory
- Formerly
- Controlled Speed Engineering Limited; Basiszone Limited
- Incorporated
- 1992-05-01
- Location
- Manchester
- Industry
- 3210
Why it went into administration
- Funding withdrawn / unable to refinance
From the administrators' statement
Controlled Speed Engineering Limited (CSE) was incorporated on 5 May 1992 having formerly been a sole trader business operating in the electronics manufacturing industry. The business carried out the design and manufacture of motor speed control and bridge rectifier products for use in a variety of applications including lithographic printing equipment, conveyors and industrial contro! systems.
CSE traded successfully for a number of years and diversified and extended its product range to incorporate the design and manufacture of motor drive speed controls specifically for use in applications such as stair lifts On 31 July 2000, CSE was purchased by Philp Burns and Michael Fitzgerald. Following the acquisition the directors grew the business rapidly and began to supply many of the large stair lift manufacturers in the UK
As CSE continued to expand it became clear that the current trading premises were no longer adequate and on 11 September 2001, the Company moved out its current premises and into St. Pegs House, Thornhill Beck Lane, Brighouse. The property was initially leased from Towngate Propertles Towngate”). After approximately 2 years the Company was approached by Towngate regarding the acquisition of the premises and on 30 April 2003 the Company acquired the premises for the sum of £310,000.
Administrators' statement of proposals (2012-01-19) · Companies House register