RTS Flexible Systems Limited (03004255): administration
- Status
- Administration ended
- Administration began
- 2011-05-20
- Administrators' firm
- Mazars
- Formerly
- RTS Advanced Robotics Limited; UK Robotics Limited; Robotic Control Solutions Limited
- Incorporated
- 1994-12-21
- Location
- Leeds
- Industry
- 7487
Why it went into administration
- Creditor pressure / legal action
From the administrators' statement
The Company was founded in 1995 and it 1s believed that 1t commenced trading in the same year The Company operated as a provider of engineered robotic systems under several different names and most latterly from Apr] 2005 as RTS Flexible Systems Limited
The current director was not involved with the business from its commencement but 1t 1s believed that the imutial funding of the Company was provided by share capital More recently, a bank overdraft was provided within the context of a group-wide banking facility from Barclays Bank to various Hephaestus (formerly Robotic Technology Systems) group companies The overdraft was secured on the assets of those group companies within the facility The overdraft was repaid by Hephaestus Holdings PLC in May 2011
During recent years, the Company traded from a Group site in Gilchrist Road, Irlam, Manchester under an informal tease from the Group parent company Subsequent to the sale of the Company’s trade and assets n 2010, the Company ceased to occupy premises other than for the purpose of its registered office
Administrators' statement of proposals (2011-07-18) · Companies House register