JLS Designs Limited (02961642): administration
- Status
- Administration ended
- Administration began
- 2020-03-17
- Administrators
- Neil Frank Vinnicombe, Simon Robert Haskew
- Administrators' firm
- Begbies Traynor
- Formerly
- Brice Limited
- Incorporated
- 1994-08-24
- Location
- Bath
- Industry
- 28990 Manufacture of other special-purpose machinery n.e.c.
Why it went into administration
- Cash flow / liquidity pressure
- Funding withdrawn / unable to refinance
- Brexit
From the administrators' statement
The Company designed, manufactured and supplied research and development tools for semiconductor research and related thin film industries. It began trading in August 1994 from a site in Somerton in Somerset and as at the date of our appointment employed 10 people including the 2 directors.
Whilst trading in a niche market, custom was gradually increasing in the initial years of trade and by the year 2000 revenue had doubled in size.
The Company expanded its customer base and began to trade more giobally exporting semiconductor processing machinery. The Company developed a niche for this type of machinery and produced 3 sizes of machines to make microchips. The machines proved to be liked by customers and accounted for a significant portion of income.
Administrators' statement of proposals (2020-04-09) · Companies House register