Remnant Plant Limited (03002734): administration
- Status
- Administration ended
- Administration began
- 2014-05-15
- Incorporated
- 1994-12-19
- Location
- Cheltenham
- Industry
- 25110 Manufacture of metal structures and parts of structures
Why it went into administration
- Property / lease costs
- Sustained trading losses
From the administrators' statement
For a number of years the company owned the plant and machinery of the Remnant group and rented these items to the trading company, Remnant Engineering Limited In 2011 Remnant Engineering Limited entered creditors Voluntary Liquidation and following this the company took on the trade as Welders and fabricators, primarily for the bridge building and construction industry
The business was reasonably successful for the first 2 years of trade, however in 2013 problems were encountered on 2 contracts and significant losses were incurred estimated to be in excess of £100K
A summary of recent trading results Is as follows
Administrators' statement of proposals (2014-06-24) · Companies House register