Mast Carbon International Ltd (03009758): administration
- Status
- Administration ended
- Administration began
- 2016-12-07
- Administrators
- Matthew Douglas Hardy, Andrew Turpin
- Administrators' firm
- Grant Thornton
- Formerly
- Materials and Separations Technology (International) Ltd
- Incorporated
- 1995-01-13
- Location
- Birmingham
- Industry
- 72190 Other research and experimental development on natural sciences and engineering
Why it went into administration
- Property / lease costs
From the administrators' statement
1, M D Hardy, met with certain of the Directors of the Company when | acted as Administrator of MAST Carbon Advanced Products Limited That company was placed into Administration on Apri! 2008 and that case was concluded approximately 6 years ago
Since the closure of that case and in the intervening years, Mr Steven Batchelor, (one of the Directors of the Company, whom has since resigned as Director) has contacted me on several occasions to discuss issues that have arisen from time to time in the Company and also a further company that was placed into Administration with Grant Thornton and in which | had no involvement The meetings, of which | would estimate there were six took, place some considerable time ago between March 2011 and August 2015 No formal advice or formal engagement arose out of those meetings
With regard to this Company, | was asked to attend a meeting held on 13 April 2016 at the offices of Shakespeare Martineau, Solicitors (“Shakespeare”) who were advising the Company The meeting was attended by a number of the Directors of the Company being Mr S Batchelor (who subsequently resigned as Director on 18 May 2016) and Mr S Tennison together with Mr S Moran of Shakespeare Mr Moran had recommended the Directors seek insolvency advice in view of recent developments whereby the Landlord, ITT Industries Limited (“the Landlord”), of the trading premises had locked the Company out, thus forfeiting the lease and preventing the Company from trading The Company had insufficient financial resources to dea! with the Landlords claims for rent arrears together with debts due to other Creditors
Administrators' statement of proposals (2017-02-10) · Companies House register