M.J.B. ENG. (2000) Limited (02717205): administration
- Status
- Administration ended
- Administration began
- 2011-06-09
- Administrators
- Gerald Irwin
- Administrators' firm
- Greville Associates
- Formerly
- Malick Machining Limited
- Incorporated
- 1992-05-22
- Location
- Sutton Coldfield
- Industry
- 2875
Why it went into administration
- Cash flow / liquidity pressure
- HMRC / tax arrears
- Loss of a key customer, supplier or contract
- Sustained trading losses
- Competition / price pressure
From the administrators' statement
MJB Eng (2000) Limited (‘MJB’) was formed on 22 May 1992 by Mr and Mrs Michael John Bailey The Company’s previous name, Malick Machiming Co Limited was changed to its current name on 22 September 1998 For the next ten years the Company grew steadily and during 2007/8 Mr And Mrs Bailey entered into discussions to sell the entire share holdings to Mr George Dunn, who was appointed director of the Company on 26 March 2008
Following the take over Mr And Mrs Bailey resigned from the Company leaving Mr Dunn as sole director Greville Associates Limited was appointed as Company Secretary
Initially the Company carried on business well but in September/October 2008 a major customer (part of a large engineering group) went into receivership This was apparently a ‘group problem’ rather than a problem with our customer This, however, caused severe disruption to cash flow As ‘MJB’ were recovering from this, it hke many other Companies was hit by the financial credit crunch.
Administrators' statement of proposals (2011-07-05) · Companies House register