AMT Systems Limited (02984882): administration
- Status
- Administration ended
- Administration began
- 2013-07-17
- Formerly
- AMT 2009 Limited; AMT Systems Limited; Applied Materials Transfer Systems Limited
- Incorporated
- 1994-10-31
- Location
- Ilford
- Industry
- 43999 Other specialised construction activities n.e.c.
Why it went into administration
- Loss of a key customer, supplier or contract
- Property / lease costs
From the administrators' statement
The company traded mn all aspects of filter remediation and refurbishment to the water, waste treatment and related industries working closely with major water companies and contractors It specialised in media installation, media extraction and filter refurbishment working with key contractors and process engineering companies within the water and waste treatment industries
The company’s main customers were water companies and major contractors The water industry operates in cycles and this results in contracting being a very volatile industry with cyclical demand In addition, the water industry has spending rounds which, on top of the variability of contracting, makes income difficult to forecast
In 2009 the company was restructured following the retirement of one of the founding directors A holding company, AMT 2009 Limited, was established and AMT Systems Limited became a wholly owned subsidiary In 2009/2010 the company’s funding facilities were reviewed by Close Brothers and its facility of £500,000 was withdrawn to be replaced by a £100,000 overdraft facility with NatWest Bank
Administrators' statement of proposals (2013-09-10) · Companies House register