BSA Machine Tools Limited (03031017): administration
- Status
- Administration ended
- Administration began
- 2015-09-14
- Administrators
- Colin Peter Dempster, Samuel James Woodward
- Administrators' firm
- EY
- Formerly
- Foremost BSA Machinery Ltd; Mostana Machine Tools Limited; Foray 773 Limited
- Incorporated
- 1995-03-09
- Location
- Birmingham
- Industry
- 28490 Manufacture of other machine tools
Why it went into administration
- Sustained trading losses
- Loss of a key customer, supplier or contract
From the administrators' statement
The Company is a 100% owned subsidiary of Automation investments Limited ("AIL") The Company's head office was based in Kitts Green and as at the date of appointment employed 29 people It should be noted that AIL ts not in Administration or subject to formal insolvency proceedings as far as we are aware
The Company traded as a manufacturer of high precision and made-to-order lathes and the contracted sale of these machines was Its main source of revenue It was also supplemented by a spares/repairs and servicing contract business The Company sold predominantly to Asia and the American Markets
The recent financial results of the Company can be summarised as follows
Administrators' statement of proposals (2015-11-03) · Companies House register