# Osborne Precision Sheetmetal Limited (02746716)

> Why UK company 02746716 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/02746716

- **Status:** Administration ended
- **Administration began:** 2013-06-19
- **Administrators' firm:** Harnsons Business Recovery and Insolvency
- **Formerly:** Valuepanel Limited
- **Incorporated:** 1992-09-11
- **Location:** Reading
- **Industry:** 33110 Repair of fabricated metal products

## Why it went into administration

- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure
- Property / lease costs

## From the administrators' statement

Following the management restructure the Company continued to trade successfully until 2010 when MS began suffering from ill health.

We are also informed that the Company’s trading was heavily impacted by the economic downturn and turnover fluctuated month to month, decreasing by 21% during the year ended 31 March 2012 resulting in a loss after tax

4.2

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/02746716/filing-history/MzA4MzQwNTI0NmFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/02746716

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