BEL Assets Ltd (02989841): administration
- Status
- Administration ended
- Administration began
- 2011-11-07
- Administrators' firm
- FRP Advisory
- Formerly
- BSP Engineering Limited; Imageaward Limited
- Incorporated
- 1994-11-14
- Location
- Norwich
- Industry
- 3663
Why it went into administration
- HMRC / tax arrears
- Creditor pressure / legal action
- Competition / price pressure
- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure
- Credit insurance / supplier credit withdrawn
From the administrators' statement
BEL Assets Ltd (“the Company’) was incorporated on 14 November 1994 to produce precision engineering components and had over 20 years experience in the precision
engineering market place.
During this time it gained a good reputation for a fast turnaround on orders and the delivery of high quality parts to tts customers It maintained, and indeed showed growth, In tts customer base even during the economic downturn that started in 2007 Trading was difficult in the
Administrators' statement of proposals (2011-11-29) · Companies House register